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." [Illustration: "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"]