The fountain incorporated local porphyry (Brisbane tuff), Murphys Creek sandstone, and imported granite and marble.

This name arose through donations given at the time towards a memorial to James Mooney, a volunteer fireman who had lost his life while fighting a fire in Queen Street in March 1877.

[2] When the Eagle Street fountain was restored in 1988, a special tablet was inscribed as a dedication to James Mooney and to other firemen who had lost their lives in the line of duty.

[1] This highly decorative drinking fountain stands on a triangular piece of land at the junction of Queen and Eagle Streets.

Three lions heads above ornate basins, all of white Sicilian marble are located between the base of the piers on three sides of the fountain.

[1] Although the fountain originally dominated the Eagle Street corner, the scale of recent adjacent high-rise buildings has lessened its visual impact.

The Eagle Street Fountain is significant as an excellent example of a Victorian era public monument and amenity of careful and ornate design and fine materials and workmanship.