Figures show that there were more than five thousand bank failures in the United States between December 1856 and December 1857

"The annual statement of the New York Commercial Agency shows that from Dec. 26, 1856 to Dec. 25, 1857, there occurred in the United States 5,123 failures, involving liabilities to the amount of $291,750,000."
Source Citation
The American Almanac and Repository of Useful Knowledge for the Year 1859 (Boston: Crosby, Nichols, and Company, 1859), 366.
    Date Certainty
    Exact
    Type
    Business/Industry
    How to Cite This Page: "Figures show that there were more than five thousand bank failures in the United States between December 1856 and December 1857," House Divided: The Civil War Research Engine at Dickinson College, https://hd.housedivided.dickinson.edu/index.php/node/21729.