d that since the resumption
of specie payments, January 1, 1879, there had been a constant
annual increase in the total circulating medium of the country.
I furnished a table showing the steady increase of circulation
during the period named, which I here insert:

THE AMOUNT AND KINDS OF MONEY IN ACTUAL CIRCULATION ON CERTAIN
DATES FROM 1878 TO 1889.

Year. Date. Total circula- Gold coin. Standard sil- Subsidiary
tion. ver dollars. silver.
1878. March 1. $805,793,807 $82,530,163 ........... $53,573,833
1879. October 1. 862,579,754 123,698,157 $11,074,230 54,088,747
1880. October 1. 1,022,033,685 261,320,920 22,914,075 48,368,543
1881. October 1. 1,147,892,435 328,118,146 32,230,038 47,859,327
1882. October 1. 1,188,752,363 358,351,956 33,801,231 47,153,750
1883. October 1. 1,236,650,032 346,077,784 39,783,527 48,170,263
1884. October 1. 1,261,569,924 341,485,840 40,322,042 45,344,717
1885. October 1. 1,286,630,871 348,268,740 45,275,710 51,328,206
1886. October 1. 1,264,889,561 364,894,599 60,170,793 48,176,838
1887. October 1. 1,353,485,690 391,090,890 60,614,524 50,414,706
1887. October 1. 1,384,340,280 377,329,865 57,959,356 52,020,975
1888. October 1. 1,405,018,000 375,947,715 57,554,100 52,931,352

Year. Date. Gold certifi- Silver cer- United States National
cates. tificates. Notes.* bank notes.
1878. March 1. $44,364,100 ........... $311,436,971 $313,888,740
1879. October 1. 14,843,200 $ 1,176,720 327,747,762 362,950,938
1880. October 1. 7,480,100 12,203,191 329,417,403 340,329,453
1881. October 1. 5,239,320 52,590,180 327,655,884 354,199,540
1882. October 1. 4,907,440 63,204,780 325,272,858 356,060,348
1883. October 1. 55,014,940 78,921,961 321,356,596 347,324,961
1884. October 1. 87,389,660 96,491,251 325,786,143 324,750,271
1885. October 1. 118,137,790 93,656,716 318,736,684 311,227,025
1886. October 1. 84,691,807 95,387,112 310,161,935 301,406,477
1887. October 1. 97,984,683 154,354,826 329,070,804 269,955,257
1887. October 1. 134,838,190 218,561,601 306,052,053 237,578,240
1888. October 1. 116,675,349 276,619,715 325,510,758 199,779,011

*Includes outstanding clearing house certificates of the act of
June 8, 1872.

Meanwhile, the House passed a bill of like