Pocket Watch Database
The United States Watch Co. is organized by Giles, Wales, & Co. with $500,000 in capital.
Construction of the United States Watch Co. factory in Marion, New Jersey, built entirely of glass and iron, is completed at the cost of $125,000.
The United States Watch Co. offers its first movements, named the "Federick Atherton." Production at the factory is roughly 20 movements per day.
The capital stock in The United States Watch Co. raises dramatically to $1,000,000.
After running short on capital, the United States Watch Co. (Marion) is assigned to William Muirhead and reorganized as the Marion Watch Co.
The Financial Panic of 1873 causes sales to decline rapidly. While the company is able to proceed, it will never fully recover from the downturn.
The factory mortgage is forclosed, and the Marion Watch Co. ceases operation. The company equipment is sold to Auburdale Watch Co., Fitchburg Watch Co., Independent Watch Co., and E.F. Bowman.
The factory building once occupied by the United States Watch Company (Marion) is sold at auction.