$430,121,365.38 and its expenditures $458,121,365.28, resulting in a
deficiency of $28,000,000.

On the 1st day of November, 1893, the amount of money of all kinds in
circulation, or not included in Treasury holdings, was $1,718,544,682,
an increase for the year of $112,404,947. Estimating our population at
67,426,000 at the time mentioned, the per capita circulation was $25.49.
On the same date there was in the Treasury gold bullion amounting to
$96,657,273 and silver bullion which was purchased at a cost of
$126,261,553.

The purchases of silver under the law of July 14, 1890, during the last
fiscal year aggregated 54,008,162.59 fine ounces, which cost
$45,531,374.53. The total amount of silver purchased from the time that
law became operative until the repeal of its purchasing clause, on the
1st day of November, 1893, was 168,674,590.46 fine ounces, which cost
$155,930,940.84. Between the 1st day of March, 1873, and the 1st day of
November, 1893, the Government purchased under all laws 503,003,717 fine
ounces of silver, at a cost of $516,622,948. The silver dollars that
have been coined under the act of July 14, 1890, number 36,087,285. The
seigniorage arising from such coinage was $6,977,098.39, leaving on hand
in the mints 140,699,760 fine ounces of silver, which cost $126,758,218.

Our total coinage of all metals during the last fiscal year consisted
of 97,280,875 pieces, valued at $43,685,178.80, of which there was
$30,038,140 in gold coin, $5,343,715 in silver dollars, $7,217,220.90
in subsidiary silver coin, and $1,086,102.90 in minor coins.

During the calendar year 1892 the production of precious metals in the
United States was estimated to be 1,596,375 fine ounces of gold of the