still continue to be employed, 15.432 grains being considered as the equivalent of a gram, agreeably to the act of July 28, 1866.

The weight of $1,000 in United States gold coin is 53.75 troy ounces, equivalent to 3.68 pounds avoirdupois. The weight of $1,000 in standard silver dollars is 859.375 troy ounces, equivalent to 58.92 pounds avoirdupois, and the weight of $1,000 in subsidiary silver is 803.75 troy ounces, equivalent to 55.11 pounds avoirdupois.

AUTHORITY FOR COINING, CHANGES IN WEight and FINENESS, AND AMOUNT

a Amount coined to February 12, 1873, $8,031,238. mand, joint resolution July 22, 1876. coined.

2,007,720 00 13,14,544 77

39,926 11

to export dec 12 d Total amount e 64 grams, or 96.45 grains. 5 grams, or 77.16 grains. g 2% grams, or 38.58 grains. h Composed of 75 per cent copper and 25 per cent nickel. i Composed of 95 per cent copper and 5 per cent tin and zinc. j By proclamation of the President, in conformity with act of March 3, 1795. k Composed of 88 per cent copper and 12 per cent nickel.

Total coinage.

72

(k)

April 22, 1864

48

(i)

132

104

84

Feb. 21, 1857
b Coinage limited
grams, or 192.9 grains.

STATEMENT OF THE COIN AND PAPER CIRCULATION OF THE UNITED STATES FROM 1860 TO 1904, INCLUSIVE, WITH AMOUNT OF CIRCULATION PER САРІТА.

RECAPITULATION.

625,898,804 1,633,412,705

815,873,562

1,317,539,143

58,680,000 22.45

1888

1889

1890

1891

1894

1895

1896

1897

1898

1902

1903 1904

1,092,391,690 599,049,337 1,691,441,027 1,100,612,434 558,059,979 1,152,471,638 532,651,791 1,685,123,429 1,112,956.637 564,837,407 1,677,794,044 180,353,337 1892 1,131,142,260 621,076,937 1,752,219,197 150,872,010 1893 1.066,223,357 672,585,115 1,738,808,472 142,107,227 1,098,958,741 706,120,220 1,805,078,961 144,270,253 1,114,899,106 704,460,451 1,819,359,557 1.097,610.190 702,364,843 1,799,975,033 1,213,780,289 692,216,330 1,905,996,619 1,897,785,969 675,788,478 2,073,574,442 1899 1,508,543,738 681,550,167 2,190,093,905 1900 1,607,352,213 732,348,460 2,339,700,673 1901 1.734.861,774 748,206,203 2,483,067,977 1,829,913,551 733.353,107 2,563,266,658 1,905.116,321 779,594,666 2,684,710,987 1,992,971,093 808,894,111 2,801.865,204

59.974.000 22.88

NOTE 1-Specie payments were suspended from January 1, 1862, to January 1, 1879. During the greater part of that period gold and silver coins were not in circulation except on the Pacific coast where, it is estimated, the specie circulation was generally about $25,000,000. This estimated amount is the only coin included in the above statement from 1862 to 1875, inclusive. NOTE 2.-In 1876 subsidiary silver again came into use, and is included in this statement, beginning with that year.

NOTE 3.-The coinage of standard silver dollars began in 1878, under the act of February 28, 1878.

NOTE 4.- Specie payments were resumed January 1, 1879, and all gold and silver coins, as well as gold and silver bullion in the Treasury, are included in this statement from and after that date.

NOTE 5.-This table represents the circulation of the United States as shown by the revised statements of the Treasury Department for June 30 of each of the years specified. See next page.

PRODUCT OF GOLD AND SILVER IN THE UNITED STATES FROM 1792 TO 1844, AND ANNUALLY SINCE.

[The estimate for 1792-1873 is by R. W. Raymond, Commissioner, and since by Director of

the Mint.]

STATEMENT SHOWING THE PRINCIPAL OF THE PUBLIC DEBT, EXCLUSIVE OF GOLD, SILVER, AND CURRENCY CERTIFICATES AND TREASURY NOTES OF 1890, THE DECREASE AND INCREASE THEREIN AND PREMIUM PAID, FOR EACH ANNUAL PERIOD FROM MARCH 1, 1885, TO MARCH 1, 1904.

aThe debt during the four-year period 1894 to 1897 was increased by sales of bonds.. $262,315,400.00 By issue of 4 per cent bonds for interest on refunding certificates....

By national-bank notes deposited in the Treasury in excess of redemptions thereof...

The debt during the same period was decreased by the redemption of bonds and other securities......

Net increase for the period...

The debt during the four-year period 1898 to 1901 was increased by sales of bonds
under act of June 13, 1898, to meet expenditures of the war with Spain....
By issue of 4 per cent bonds for interest on refunding certificates.....
By national-bank notes deposited in the Treasury in excess of redemptions thereof...

15.290.00 817,883.25

263,148,573.25

992.616.48

262,155,956.77

198,792,640.00 7.970.00 5,901,282.50

204,701,892.50