Leaving a surplus revenue of $145,543,810.71, which, with an amount drawn from the cash balance in the Treasury of $20,737,694.84, making $166,281,505.55, was applied to the redemption—­

Of bonds for the sinking fund                          $60,079,150.00
Of fractional currency for the sinking fund                 58,705.55
Of loan of July and August, 1861                        62,572,050.00
Of loan of March, 1863                                   4,472,900.00
Of funded loan of 1881                                  37,194,450.00
Of loan of 1858                                              1,000.00
Of loan of February, 1861                                  303,000.00
Of five-twenties of 1862                                     2,100.00
Of five-twenties of 1864                                     7,400.00
Of five-twenties of 1865                                     6,500.00
Of ten-forties of 1864                                     254,550.00
Of consols of 1865                                          86,450.00
Of consols of 1867                                         408,250.00
Of consols of 1868                                         141,400.00
Of Oregon War debt                                         675,250.00
Of old demand, compound-interest, and other notes           18,350 00
______________
166,281,505 55

The foreign commerce of the United States during the last fiscal year, including imports and exports of merchandise and specie, was as follows: 

Exports: 
Merchandise $750,542,257
Specie 49,417,479
___________
Total 799,959,736
Imports: 
Merchandise 724,639,574
Specie 42,472,390
___________
Total 767,111,964
===========
Excess of exports over imports of merchandise 25,902,683

This excess is less than it has been before for any of the previous six years, as appears by the following table: 

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Year ended June 30—­    Excess of exports over imports of merchandise
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---------
1876                                                      $79,643,481
1877                                                      151,152,094
1878                                                      257,814,234
1879                                                      264,661,666
1880                                                      167,683,912
1881                                                      259,712,718
1882                                                       25,902,683
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During the year there have been organized 171 national banks, and of those institutions there are now in operation 2,269, a larger number than ever before.  The value of their notes in active circulation on July 1, 1882, was $324,656,458.