http://books.google.com/books?id=v9Y4AQAAMAAJ&printsec=frontcover#v=snippet&q=exchange%20hotel&f=false https://archive.org/stream/historyofcayugac00stor/historyofcayugac00stor_djvu.txt "The tavern long known as the Western Ex- change, was continued as such for over 60 years. It was first erected by William Hostwick, in 1803. It was two stories high and had in its second story a ball or long room, as it was generally called, which was used for all kinds of public as- semblages. Canfield Coe became the owner in 1816, and made an addition to the eastern side. R. D. Hudson succeeded Mr. Coe, and added a third story and a rear wing, greatly enlarging its accommodations. It yielded in 1863 to the march of improvement and an elegant block of buildings was erected on its site. In this tavern was held the first public ball of the village, the great feature of which was the time at which it opened and closed. It was held in the daytime, opening at three o'clock p. m., and closing at night-fall."