![]() The company officially changed its name to the Elgin National Watch Company in 1874, as the Elgin name had come into common usage for their watches. In 1869, the National Watch Company won "Best Watches, Illinois Manufacture" at the 17th Annual Illinois State Fair, for which it won a silver medal. The watch was an 18 size, full plate design. The first movement, delivered in 1867, was named the B.W. ![]() The company was re-organized in April 1865 and the factory was completed in 1866. Four Elgin businessmen agreed to purchase the property and then donated the required 35 acres to the watch company. A derelict farm was selected for this however, the owners refused to sell the property unless the city purchased their entire 71 acres for $3,550. Initially, as part of the deal, the city was asked to donate 35 acres (142,000 m 2) of land for construction of the factory. The growing young city of Elgin, Illinois, some 30 miles northwest of Chicago, was chosen as the factory site. In September of the same year the founders visited the Waltham Watch Company in Waltham, Massachusetts, and successfully convinced seven of Waltham's watchmakers to come to work for their new company. The company was first incorporated in August 1864 as the National Watch Company, in Chicago, Illinois, by Philo Carpenter, Howard Z. 19th century business card with Elgin logo
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