------+------------+------------+--------------+-----------+---------- Year | | | | Excess of |Excess of ending| Total | Total |Total exports | exports | imports June | exports. | imports. | and imports. | over | over 30-- | | | | imports. | exports. ------+------------+------------+--------------+-----------+---------- | _Dollars._ | _Dollars._ | _Dollars._ |_Dollars._ |_Dollars._ 1876 |540,384,671 |460,741,190 |1,001,125,861 | 79,643,481| -- 1877 |602,475,220 |451,823,126 |1,053,798,346 |151,152,094| -- 1878 |694,865,766 |437,051,532 |1,131,917,298 |257,814,234| -- 1879 |710,439,441 |445,777,775 |1,156,217,216 |264,661,666| -- 1880 |835,638,658 |667,954,746 |1,503,593,404 |167,683,912| -- 1881 |903,377,346 |642,664,628 |1,545,041,974 |259,712,718| -- 1882 |750,542,257 |724,639,574 |1,476,181.831 | 25,902,683| -- 1883 |823,839,402 |723,180,914 |1,547,020,316 |100,658,488| -- 1884 |740,513,609 |667,697,693 |1,408,211,302 | 72,815,916| -- 1885 |742,189,755 |577,527,329 |1,319,717,084 |164,662,426| -- 1886 |679,524,830 |635,436,136 |1,314,960,966 | 44,088,694| -- 1887 |716,183,211 |692,319,768 |1,408,502,977 | 23,863,443| -- 1888 |695,954,507 |723,957,114 |1,419,911,621 | -- |28,002,607 1890 |742,401,375 |745,131,652 |1,487,533,027 | -- | 2,730,277 ------+------------+------------+--------------+-----------+---------- This table shows that while for last year there was a balance against us of $2,730,277, and the year before of $28,002,607, for all former years from 1887 back to 1874 the balances were in our favor--all the way from $23,000,000 in 1887 to $265,000,000 in 1881. But the total want of significance so far as the movement of gold is concerned attaching to any figures showing a balance of trade against the United States will be seen by an analysis of the figures for any one year. Let us take for example the imports and exports for 1889 and analyze them by countries. I now present a table in which I place in one group the gold-using countries, and in another the silver and paper-using countries. _Exports and imports of the United States to and from the various gold-using and silver-using or paper-using countries of the world for the fiscal year ending June 30, 1889._