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A history of commerce

Note 10 — Chapter LVIII · THE UNITED STATES, 1914-1920

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The table is taken from Report of Comptroller of the Currency, 1920, vol. 1, p. 14, a convenient source because both merchandise and specie are enumerated by calendar, not fiscal year. I have corrected the table by reducing by 1 milliard the figure for exports in 1914, to accord with verified commercial statistics, and have altered the figures of excess of exports in 1914, and for total exports and total excess to accord with this correction. The student who checks the figures by reference to U. S. Statistical Abstract, 1920, p. 773, should not be dismayed by finding there the exports for 1915 listed at 2,555 millions; it is another example of a milliard dollar error.

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