Text Source: Onondaga's Centennial, by Dwight H. Bruce (ed.),  Boston History Co., 1896, Vol. I, pg. 443.

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The Exchange Hotel (where the Merchant's Bank is now) was begun in 1831, and the north and south walls fell before the building was finished, crushing some of the old structures on the north.  The Exchange Hotel was kept for a time by Van Patten & Crane.  Library Hall was in the upper part, and for a number of years was the most important place for public meetings and entertainments.


Text Source: Syracuse and Its Environs, by Franklin H. Chase, Lewis Historical Pub. Co., Chicago, IL, 1924, pg. 307

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The Exchange Hotel, which was on the northeast corner of Washington and Salina streets, as also at this time given up to stores and offices.

Ibid, pg. 311

 The Exchange Hotel at the northeast corner of Washington and South Salina streets, was built for hotel purposes in 1831, but in a score of years the property became more valuable for other business and the hotel passed on.  The hotel took the place of several little shops which rented for six shillings a week apiece.  In that hotel was Library Hall, one of the chief halls of the village.  Van Patten & Crane were the first proprietors of the Exchange.  William WInton, who became mayor of the city of Syracuse in 1868, came in here in 1826, and for several years he was landlord of the Exchange.  He had the salt industry as a sideline, an died March 18, 1871.