In 1879, the corporation manufactured 33,285 watch movements. corporate employment grew from 260 in 1879, to 400 in 1880. Chief executive leadership of the corporation was assumed by Jacob Bunn, Sr., an Illinois industrialist, railroad financier, railroad reorganizer, wholesale grocer, commission merchant, newspaper publisher, land developer, coal operator, political advisor and financier, banker, and rope manufacturer. The Illinois Springfield Watch Company was again reorganized in the autumn of 1878, and was renamed the Illinois Watch Company. In July 1877 the corporation was reorganized and changed its name to the Illinois Springfield Watch Company, Erastus Newton Bates was selected as President of the corporation, John W. The company encountered financial difficulties following an economic downturn in the Fall of 1873. In 1873 a sales office was established in New York. By the end of 1872, the corporation was producing about 25 movements per day and had sold approximately 10,000 watch movements. They were called the Stuart, Bunn, Miller, Currier, Hoyt and Mason.
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Bigalow, and were 18 size, full plate, key wind. The first watches were completed in January 1872.
Machinery was installed and manufacturing began in the spring of 1871. Several key employees from the National Watch Company in Elgin, Illinois, joined the new company. Construction of a factory on a 14 acre site just outside Springfield began in early 1870. John Todd Stuart, former Congressman and early law partner of Abraham Lincoln, served as the first President of the new corporation. George Pasfield, John Whitfield Bunn, John Williams, and George N. Adams of Massachusetts, and John Todd Stuart, William B. The Illinois Watch Company was first established in December 1869 as the Springfield Watch Company by John C. Illinois Watch Company, Springfield, Illinois