$170,900,641. Our dutiable imports amounted to $324,635,479, a decrease
of $58,156,690 over the preceding year, and importations free of duty
amounted to $291,414,175, a decrease from the preceding year of
$90,524,068. Internal-revenue receipts exceeded those of the preceding
year by $24,212,067.

The total tax collected on distilled spirits was $92,546,999;
on manufactured tobacco, $36,230,522, and on fermented liquors,
$39,515,421. We exported merchandise during the year amounting to
$1,231,482,330, an increase of $180,488,774 from the preceding year.

It is estimated upon the basis of present revenue laws that the
receipts of the Government for the year ending June 30, 1899, will
be $577,874,647, and its expenditures $689,874,647, resulting in a
deficiency of $112,000,000.

On the 1st of December, 1898, there was held in the Treasury gold coin
amounting to $138,441,547, gold bullion amounting to $138,502,545,
silver bullion amounting to $93,359,250, and other forms of money
amounting to $451,963,981.

On the same date the amount of money of all kinds in circulation, or not
included in Treasury holdings, was $1,886,879,504, an increase for the
year of $165,794,966. Estimating our population at 75,194,000 at the
time mentioned, the per capita circulation was $25.09. On the same date
there was in the Treasury gold bullion amounting to $138,502,545.

The provisions made for strengthening the resources of the Treasury in
connection with the war have given increased confidence in the purpose
and power of the Government to maintain the present standard, and have