Ingersoll Watch Company
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| Subsidiary | |
| Industry | Watch manufacturing |
| Founded | 1892 |
| Founders | Robert Hawley and Charles Henry Ingersoll |
| Headquarters | Virginia |
| Parent | Zeon Ltd. |
The Ingersoll Watch Company is currently owned by Zeon Watches, a British subsidiary of the Hong-Kong based company Herald Group. The brand originated in the US.
Ingersoll Watch Company grew out of a mail order business (R H Ingersoll & Bro) started in New York City in 1882 by 21-year-old Robert Hawley Ingersoll and his brother Charles Henry Ingersoll. The company initially sold low-cost items such as rubber stamps.
The first Ingersoll watches, called "Universal" were introduced in 1892, supplied by the Waterbury Clock Company. They were in reality small spring driven clocks, about three inches diameter and over one inch thick. These were put into watch cases with pendants that carried bows and crowns like contemporary watches. The crown was not functional, the watch was wound by a captive key that hinged out, and a central wheel was used to set the hands, both accessible when the back was opened just as in a clock. At first they were sold wholesale to dealers, but later in 1892 a mail order catalogue was produced and watches were sold directly to the public.
The Waterbury watch company also initially sold the watches, but the Ingersolls soon negotiated a sole agency deal. In 1893 a smaller version of the Universal watch called the "Coumbus" was made.
In 1896 Ingersoll introduced a watch called the Yankee, setting its price at $1. This made it the cheapest watch available at the time, and the first watch to be priced at one dollar; the "dollar watch" was born. It was cheaply mass-produced from stamped parts and without jewels so that it would be affordable to everyone.
By 1899 the Waterbury Clock Company were producing 8,000 of these watches per day for Ingersoll, who started advertising that 10,000 dealers carried their dollar watch. By 1910, Waterbury was producing 3,500,000 dollar watches per year for Ingersoll.
Over twenty years nearly forty million dollar watches were sold, and Ingersoll coined the phrase "The watch that made the dollar famous!" Theodore Roosevelt mentioned that during his hunting trip in Africa he was described as "the man from the country where Ingersoll was produced."
In 1904 Ingersoll opened a store in London, England. In 1905 Robert sailed to England and introduced the Crown pocket watch for 5 shillings, which was the same value as $1 at the time. These were made by a British subsidiary, Ingersoll Ltd, initially assembled from imported parts, and later made entirely in their London factory. These watches were made until the late 1920s, after the American parent company had collapsed.
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Wikipedia