Bank of Portugal

In 1873 he was elected to the directorship of the Bank of Portugal, a position that he would retain (with a few interruptions) until 1898. By 1887, he had become President of directorate, holding the position during the monetary crisis of 1891 (as Vice-Governor of the institution). He returned to this position again in 1897. During his early tenure, he was pivotal in renegotiating the contracts between the Government and Bank (in 1874), while simultaneously council member in the Lisbon City Hall (where he participated in the finance department) and President of the Associação Comercial de Lisboa (English: Commercial Association of Lisbon). His report to the Bank of Portugal, during the 1876 banking crisis, was instrumental in clarifying the Bank's position and set a direction for resolving outstanding issues. Consequently, he was sent to Funchal during a similar commercial crisis on the island in order to consolidate the Bank of Portugal's interests within the local business bureaus.

Party politics

In 1876 he returned to politics under the Progressive Party banner, and was elected attorney to the Junta Geral of Lisbon. Later, when the Progressive Party was called on by the King to form a government (on 29 May 1879) he was appointed Ministério dos Negócios da Fazenda (English: Minister of Finances and Public Administration) to the Cortes on 1 June 1879, ultimately resigning from the Bank of Portugal. In the 19 October 1879 general elections, he was returned to his seat in Santarém, but later, accepted the seat in Montalegre during the 23rd Legislature. He held the finance portfolio until 23 March 1881, when the Regenerator Party, captained by António Rodrigues Sampaio assumed power. During his time as Ministro da Fazenda, Barros Gomes reformed taxation policies, as well as creating the Caixa Económica Portuguesa (a banking services corporation for the lower- to middle-classes) within the structure of the Caixa Geral de Depósitos (then the state savings bank). Generally, his policies were cautionary and technical, marked by reformist tendencies and he was able to keep the Portuguese finances in a state of relative equilibrium.

Peer-of-the-Realm

During the 25th Legislature, in the government of José Luciano de Castro, he was, once again, elected to the seat in Montalegre (6 March 1887). But, he was appointed Peer of the Realm by royal decree on 31 March, and did not begin the session.

In the Chamber of Peers, Barros Gomes turned his attentions again to fiscal questions and public finances, but now with further attention placed on colonial matters and foreign affairs, and specifically the question of maintaining Portuguese sovereignty in Africa. In addition to reorganizing the customs-houses and established policies on industrial contributions, he defended the Treaty of Zaire (1885) and the creation of a District of Congo, in Angola. He sought to improve Portuguese administration in the colonies, especially in matters associated with natural resource extraction and the moral improvement of its population. Barro Gomes promoted the editing and sale of Portuguese pamphlets, in order to reduce the dependency on foreign publications, which were seen as contrary to the interests of Portugal. He was a defender of the Companhia de Moçambique and the maintenance of capital in the Mala Real Portuguesa in the hands of Portuguese, in order to eliminate the possibility of African links being lost to foreign merchants. Barros Gomes also opposed the alteration of the tobacco monopoly, a factor that would continue to spoil the Portuguese political system for decades to come, provoking the fall of many ministers and governments.

British Ultimatum

During the government of José Luciano de Castro, Barros Gomes assumed the portfolio of the Ministério dos Negócios Estrangeiros (English: Ministry of Foreign Affairs) between 20 February 1886 and 14 January 1890, then later the Ministério da Marinha e Ultramar (English: Ministry of the Navy and Overseas Territories) between 8 May – 15 September 1887, and finally returning to the finance portfolio as Minister of Finance and Public Administration between 23 February – 9 November 1889.

As Minister of Foreign Affairs, he had an important place in the affairs of the Portuguese African colonies. Already Africa was besieged by other European powers, especially Great Britain and Germany, wishing to "carve-up" territories on the continent. At the Berlin Conference, which essentially discussed issues of European occupation, Barros Gomes was successful in deliberations with Germany,^[2] that would permit the establishment of "spheres of influence" of the signatory powers in the continent of Africa.

Barros Gomes was also able to sign an accord between the Vatican and Portugal, that would reduce tensions between the Roman Catholic Church and the Portuguese State, and improve the conditions of missionaries in Portuguese Africa.

As Minister of the Navy and Overseas Territories, he promoted expeditions into the continent in order to expand Portuguese territorial influences, and ensure effective occupation in lands that the state wished to annex. It was in this context that the Portuguese Pink Map appeared, which delimited Portuguese aspirations in Africa, marking out an area that extended from Angola to present-day Mozambique. These pretensions, ironically, collided with Portugal's ally Britain, who had their own objectives of uniting an area that extended from Cairo to Cape Town. Although Barros Gomes later denied the paternity of the map, he was always placed responsible for its appearance. The consequence of the Pink Map was a British Ultimatum dispatched in 1890 demanding the end of Portuguese claims to territories in Africa, risking diplomatic consequences or military intervention on the part of Britain to settle their claims. Public reaction was exacerbated when King Carlos I of Portugal was quick to succumb to the threats from Britain. For his part, Barros Gomes, although not responsible for the events, suffered multiple public manifestation of hostility.