"Worth noting," says "Fifth Avenue," the publication issued by the Fifth Avenue Bank, "are the names of prominent New Yorkers who, during the fifties, lived on Fifth Avenue between Washington Square and Twenty-first Street. Among them were Lispenard Stewart, Thomas Eggleson, Silas Wood, Henry C. De Rham, Thomas F. Woodruff, Francis Cottinet, David S. Kennedy, James Donaldson, Dr. J. Kearney Rodgers, C. N. Talbot, N. H. Wolfe, James McBride, Charles M. Parker, L. M. Hoffman, August Belmont, Benjamin Aymer, Henry C. Winthrop, Eugene Schiff, Captain Lorillard Spencer, Moses Taylor, John C. Coster, Henry A. Coster, Sidney Mason, Marshall O. Roberts, Robert L. Cutting, Gordon W. Burnham, Robert C. Townsend, George Opdyke, Robert L. Stuart, whose magnificent art collection was given to the Lenox Library, and James Lenox, the founder of the Lenox Library. The fortunes of these gentlemen as recorded in 'Wealth and Biography of the Wealthy Citizens of New York,' averaged between one hundred and three hundred thousand dollars. One of the richest men in New York at that time was James Lenox, who had inherited the then huge fortune of three million dollars; another large fortune was that of James McBride, estimated at seven hundred thousand dollars."

Then there were the clubs, the Union at the northwest corner of Twenty-first Street, the Lotos Club, just across the Avenue, the Athenæum, at the southwest corner of Sixteenth Street, the Travellers; in the building that had formerly been the residence of Gordon W. Burnham, at the southwest corner of Eighteenth Street, the Arcadian, at No. 146, between Nineteenth and Twentieth Streets, the Manhattan, occupying the Charles C. Parker house at the southwest corner of Fifteenth Street, the New York, which, occupying another corner at the same street, until 1874, then moved a few blocks northward to a house on the Avenue facing Madison Square. How the window loungers of that clubland stretch of the seventies and eighties would have stared and rubbed their eyes had it been given to them to see the procession that throngs the sidewalks today!

The stretch of glories departed is quickly passed. The nine blocks are really eight, for it is at Twenty-second Street that the Flatiron begins, and the drab hives behind are forgotten as the vision of the Square strikes the eye. The Parisian, sipping an apéritif at the corner table of the Café de la Paix, believes himself to be occupying the exact centre of the universe. The Manhattanite knows him to be wrong by a matter of three thousand and some odd miles. Be he plutocrat or panhandler he knows that it is some spot from which he can look up and see the lithe figure of Diana, and the illuminated clock in the tower of the Metropolitan Building.

Although not formally opened as Madison Square until 1847, the story of the land goes back almost two hundred and fifty years. It was in 1670 that Sir Edward Andros, Governor of the Province, granted to Solomon Peters, a free negro, thirty acres of land between what is now Twenty-first and Twenty-sixth Streets, extending east and west from the present Broadway (Bloomingdale Road) to Seventh Avenue. Forty-six years later the negro's descendants sold the tract to John Horn and Cornelius Webber, and a hundred years after it became vested in John Horn the second. In the middle of the present roadway west of the Flatiron Building the Horn farmhouse, occupied by John the Second's daughter and son-in-law, Christopher Mildenberger, stood when the Avenue was cut through to Twenty-third Street in 1837. It was allowed to remain there two years more, when it was removed to the famous site at the northwest corner of Twenty-third Street and became the Madison Cottage. The old chroniclers tell of the joyous spirit and flavour of that roadhouse, a favourite rendezvous of horsemen in the forties, and of the genial management of its proprietor, Corporal Thompson. In the Collection of Amos F. Eno there is a photograph of the business card of the Cottage, with the announcement that the stages "leave every 4 minutes." A picture shows the stages before the building with its slanting roof and its three dormer windows facing the Avenue and Park. Several miles beyond the city proper, it was a post tavern in the coaching days, and the huge pair of antlers announced the "Sign of the Buck-horn."

It had its brief and glorious day and then passed. Early in 1853 it was torn down to make room for a circus, known as Franconi's Hippodrome, built by a syndicate of American showmen, among whom were Avery Smith, Richard Sands, and Seth B. Howe. The lithograph in the Collection of J. Clarence Davies shows a combination of tent roof and permanent wall. There was a turretted sexagonal entrance at the corner facing the Avenue and Twenty-third Street, and another at the northern end of the building. Seven hundred feet in circumference was the Hippodrome, of brick sides, two stories high, with an oval ring in the centre two hundred feet wide by three hundred feet long, seating six thousand people, and having standing room for about half as many more. It was a bold venture, perhaps too bold for its time. When the novelty had worn off the profits began to dwindle and then ceased entirely. Amos F. Eno, a New Englander who had prospered exceedingly in New York, bought the property and planned to erect a hotel that was to surpass anything that the city had already known. Sceptics ridiculed the idea, predicting that a situation so far uptown meant certain disaster. But the Hippodrome building was torn down, the new structure begun, and in September, 1859, the Fifth Avenue Hotel opened its doors under the direction of Colonel Paran Stevens. It was of white marble, six stories in height. Among the innovations and conveniences that made it the wonder of its day was the first passenger elevator ever installed. New York then knew the device as "the vertical railway."

"THE TOWER OF THE METROPOLITAN BUILDING. WHATEVER ARTISTS MAY THINK OF IT THE TOWER IS, STRUCTURALLY, ONE OF THE WONDERS OF THE WORLD. EXACTLY HALFWAY BETWEEN SIDEWALK AND POINT OF SPIRE IS THE GREAT CLOCK WITH THE IMMENSE DIALS"

But between the time when Solomon Peters received his grant and the day when the opening of the Fifth Avenue Hotel ushered in a new era, the land experienced many vicissitudes. In the last years of the eighteenth century it was a Parade Ground, at one time extending from Twenty-third to Thirty-fourth Streets, bounded on the east by the Eastern Post-road and on the west by the Bloomingdale Road. At the southern end a Potter's Field was opened in 1794, and there were buried the victims of the frequent yellow-fever epidemics. But in 1797 a new Potter's Field was opened in Washington Square. According to the plans of the Commissioners' Map of 1811, there was to be no Fifth Avenue between Twenty-third Street and Thirty-fourth Street. The Avenue was to end temporarily at the former point, and resume its journey eleven blocks farther north. As early as 1785 a powder magazine stood within the present domains of the Square. A United States Arsenal, erected in 1808, was near the spot of the Farragut statue. In 1823 the Arsenal building became the house of refuge of the Society for the Reformation of Juvenile Delinquents, the first organization instituted in America to care for youthful offenders. In 1839 it was destroyed by fire. That was two years after the Parade Ground had been reduced to its present limits of 6.84 acres and renamed in honour of President Madison. In 1844 the Eastern Post-road was closed. Its course may still be traced by the double row of trees that runs northeast towards Madison Square Garden.

In 1847 the Square was formally opened and soon after society began to migrate there. That was during the mayoralty of James Harper. From 1853 until the end of the Civil War it was the social centre of the city. "Among those who lived in this vicinity," says "Fifth Avenue," "were Leonard W. Jerome, and his elder brother, Addison G. Jerome, who, with William R. Travers, were social leaders and prominent Wall Street brokers; James Stokes, who, in 1851, built at No. 37 Madison Square, East, the first residence on Madison Square, and whose wife was a daughter of Anson G. Phelps; John David Wolfe, whose daughter, Catherine Lorillard Wolfe, gave her magnificent art collection to the Metropolitan Museum of Art; Frank Work, William and John O'Brien, Henry M. Schieffelin, James L. Schieffelin, Samuel B. Schieffelin, Benjamin H. Field, Peter Ronalds, and William Lane."