Rensselaer Journal, Volume 11, Number 5, Rensselaer, Jasper County, 11 July 1901 — Another Bank Is Cloeed. [ARTICLE]

Another Bank Is Cloeed.

The Niagara bank at Buffalo has been closed by the superintendent of banking. Its failure was directly caused by the collapse of the City National bank, whose directors were heavy borrowers at the Niagara bank. The various business interests of which Patrick Henry Griffin is the head owed $400,000 to the City National. Griffin is president of the Niagara National bank, which was carrying his business paper for $160,000.