Elgin National Watch Company
The growing young city of Elgin, Illinois, some 30 miles northwest of Chicago, was chosen as the factory site. Initially, as part of the deal, the city was asked to donate 35 acres (142,000 m²) of land for construction of the factory. 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. Four Elgin businessmen agreed to purchase the property and then donated the required 35 acres to the watch company. The company was re-organized in April 1865 and the factory was completed in 1866. The first movement, delivered in 1867, was named the B.W. Raymond in honor of Benjamin W. Raymond. The watch was an 18 size, full plate design. 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 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.