Bannatyne The Home Insurance Company Pocket Watch Runs 1911
Item History & Price
Reference Number: Avaluer:12258177 |
Home Insurance Co was incorporated in 1853. At this time, merchants had difficulty getting enough protection for their property, and the company was formed by a group of New York merchants to help alleviate this problem.
The Aug 27 patent is related to stem winding and setting and the Sept 3 to the mainspring - Archie Bannatyne inventor and Bannatyne Watch assignee - #864, 402 and 864, 822
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The Bannatyne Watch Co. was incorporated in November of 1905.
Mr. Bannatyne worked for the Waterbury Clock Co. before starting the Bannatyne watch company. He advertised his watch as "A Time-Keeper Ahead of the Times. The smallest, thinnest and easiest winding practical watch ever produced at a low price. Winding and setting mechanism can be removed without taking movement from case. No accidental pushing in of crown stem. No screws used in fastening movement into case." They retailed for $1.50.He stayed in business until 1911 and then the company was purchased by The E. Ingraham Co. in 1912. Ingraham made their first pocket watch in 1913 fashioned after the Bannatyne watch.