Times TM ADVANCING THE ART, SCIENCE & BUSINESS OF HOROLOGY

June 2013 Horological

AMERICAN WATCHMAKERS- CLOCKMAKERS INSTITUTE

Part 2: Platform Bushing Replacement STUDENT NOTEBOOK: Flying Carrousel TOM’S TIPS: Delta: What Does It Really Mean? PART 6: Clockmaking—The Tools Space Age Cleaning is Here! Elma introduces innovative cleaning machines in this issue with more cleaning efficiency and greater safety VOLUME 39, NUMBER 6, June 2013

ELMASOLVEX VA Single-Chamber Ultrasonic awci news Vacuum Technology for more efficient cleaning features ƒ Multi-frequency ultrasound is adjustable for delicate parts Official Publication of the American Watchmakers-Clockmakers Institute Student Notebook: President’s Message ƒ Place parts basket in the chamber: automatic pumping of solu- The Flying Carrousel By Manuel Yazijian, tions, ultrasonic cleaning, draining, drying; all under vacuum EXECUTIVE & EDITORIAL OFFICES Tourbillon CMW21 COVER IMAGE: Joe ƒ New vacuum drying system uses warm, filtered, clean air American Watchmakers- By Hans Schwarz page 5 Shin created this watch ƒ Vacuum technology removes gas bubbles during ultrasound, Clockmakers Institute (AWCI) page 8 during his first year as a 701 Enterprise Drive student in the School of allowing cleaning and rinsing to reach all surfaces Harrison, OH 45030 Interim Executive Watchmaking at Oklahoma 866-FOR-AWCI (367-2924) ƒ TÜV-certified to be explosion protected Tom’s Tips Director’s Message State University Institute of ƒ or 513-367-9800 By Keith Rosser, Technology. Constructed Controlled exhaust system vents fumes to outside through two Fax 513-367-1414 By Tom Schomaker, as part of the school watch provided 16.5 feet long venting hoses [email protected] • www.awci.com CMW21 page 7 ƒ Purchase optional filtration system to capture solvent vapors for www.facebook.com/MyAWCI page 16 project, Mr. Shin was able to bring his artistry and units that can’t be exhausted outside Keith M. Rosser Affiliate Chapters passion together with VIB-VA ElmaSolvex with 64mm stainless steel baskets Interim Executive Director Glass Movement Covers page 34-37 the technical skills and competencies gained and VIB-1055836 Optional: 80mm stainless steel baskets Ext. 310 [email protected] Available Again By Jack Kurdzionak, honed during the program. VIB-1055837 Optional: 80mm stainless steel baskets white-coated with Rilsan Transitional Times for See page 25. Thomas D. Schomaker, CMW21 CW21, FAWCI AWCI Watchmaking Instructor/ page 17 By Henry Kessler, Certification Coordinator See video on the Elmasolvex VA AWCI Treasurer http://youtu.be/4F67g_F_L14 Ext. 309 [email protected] page 38 Daniela Ott technical classifieds Education & Certification Coordinator Ext. 303 [email protected] discussions Member Pespective Buy, Sell, Trade, and ELMASOLVEX RM AUTOMATIC By Jack Kurdzionak Employment Opportunities Dana Boll page 42 4-Chamber Technology—Replaces 3-jar RM90 Clockmaking—The Tools, page 40-41 Creative Director, Books and Part 6: Making a ƒ One cleaning, three rinsing and one drying chamber Magazine Advertisers’ Index Ext. 311 [email protected] Movement Post ƒ Use the standard cleaning program or select options to By Laurie Penman page 43 vary time in the jar, basket speed, spin off speed and Kathy Ortt, Donna Poehner page 18 industry time, plus select rotation and/or vibration cleaning Editors Industry Advisory Board Members ƒ Optional controlled exhaust system available Ext. 304 [email protected] news Platform page 43 Betsy Young Marketing Director Escapement Bushing Chelsea Clock Creates Ext. 307 [email protected] Replacement, Part 2 “Seafarer” Trophy By Dale LaDue, CMW21 page 32 Horological Times Maureen Seals page 26 Advertising Policy & Membership Coordinator & Editorial Policy Technical Support Book Review The publisher reserves the right to approve all advertising Ext. 301 [email protected] trending 2013 copy and reject any advertisements not in keeping with the The Gruen Watch publisher’s standards. The publisher may, at the publisher’s ELMASOLVEX SE MANUAL Horological Times sole discretion and for any reason and without notice, de- Advisory Committee Repairer’s Reference, The Weekend Watch cline to publish or republish any ad, in which case any fees 4-Chamber Technology—Replaces 3-jar Super-Elite Jordan Ficklin, CW21 : Chairman Compiled by page 33 submitted or paid for such ads shall be returned or rebated Ron Iverson, CMC Mike Barnett to the advertiser. The publisher reserves the right to edit ƒ Four cleaning chambers and one drying chamber Karel Ebenstreit, CMW, CC21 all copy. The advertiser and/or agency agrees to assume Review ƒ Manual operation with improved mechanics for moving baskets David Fahrenholz liability for all content of advertisements printed. They Chip Lim, CMW, CMC, CMEW By David Fahrenholz will also accept responsibility for any claims or suits arising from jar to jar Robert D. Porter, CMW page 31 education & therefrom brought against the publisher. Printed articles ƒ Rotates the parts basket in one direction Ron Landberg, CW21 may also be used without permission expressly sought, David Arnold, CMC or payment made, on www.awci.com or the American ƒ Easy-to-service design Watchmakers-Clockmakers Facebook page. ƒ Optional controlled exhaust system available Reprinting and reproduction is prohibited without written permission certification from the American Watchmakers-Clockmakers Institute. Copyright Editorial material and letters of opinion are invited, but ©2013 by the American Watchmakers-Clockmakers Institute. AWCI Course and reflect the opinions of the authors only and do not repre- sent the views of the American Watchmakers-Clockmakers Horological Times (ISSNO 145-9546) is published monthly and Exam Schedule copyrighted by the American Watchmakers-Clockmakers Institute, page 6 Institute (AWCI), its directors, officers or employees. AWCI Available July 701 Enterprise Drive, Harrison, OH 45030-1696. Subscription price reserves the right to edit all submitted materials and is Call for more information and prices for the public is $169.00 per year ($14.00 per copy). Members under no obligation to accept any submitted materials for subscription is $99.00 which is included with annual dues of $169.00. LIKE US ON FACEBOOK! publication. The appearance, reference, or advertisement Periodicals postage paid at Harrison, OH 45030 and additional entries. www.facebook.com/MyAWCI of any product or service in this publication shall not be POSTMASTER: Send address changes to Horological Times, 701 Enterprise deemed an endorsement of such products, methods or Drive, Harrison, OH 45030 services by AWCI, its directors, officers or employees.

Jules Borel & Co. Horological Times June 2013 3 1110 Grand Boulevard n Kansas City, Missouri 64106 Phone 800-776-6858 n Fax 800-776-6862 n julesborel.com

Horo Times ad ElmaSolvex 6-13.indd 1 5/13/2013 8:55:00 AM Become a a message from the president MANUEL YAZIJIAN, CMW21 Horological Dear AWCI Members, This month, we have an important As a reminder to our members, this year we are not message from Keith Rosser in having an annual convention as we’ve had in the past; his Executive Director’s column however, as per our constitution and bylaws, we will have as well as an explanation of the a business meeting on September 26, 27 and 28, 2013. Insider audit report from our treasurer, The exact location will be announced in a subsequent Henry Kessler. Please look for publication. As members, you are welcome to attend; As the world’s largest watchmaker and clockmaker their columns on pages 7 and however, there will be neither educational seminars association, AWCI is dedicated to preserving and 38 respectively. For a historical nor a trade fair. We will have an annual convention in view on the Perpetuation Fund, Manuel Yazijian 2014 as we’ve had traditionally, with date and location promoting the highest standards of workmanship please see Jack Kurdzionak’s [email protected] to be determined. in the horological crafts. detailed article on page 42. In closing this month’s message, it would help us all As a professional dedicated to the art, science and Your board members and most notably the Executive to remember the road to change and improvement Committee, have been tirelessly working hard, especially is not always smooth. By the time we reach the clear business of horology, your AWCI membership not only for the past six months, to help with the improvement and easy path, inevitably we’ve gone through some keeps you in touch with others in your field but also process for AWCI. While we are a not-for-profit rough and frightful terrain consisting of rocky and organization, many of our board members are wearing thorny trails. We see a lot, some not always pleasant, provides valuable industry insider resources such as: multiple hats by serving on several committees as well but this is the reality of life; plus cannot exist without as being on the Board of Directors by volunteering minus; day cannot exist without night; clean cannot their precious personal time at a professional level. exist without the soiled; and good cannot exist without One Year of Horological Times Magazine My special thanks to Wes Grau, Henry Kessler, David the bad, for such is the world we live in. We can only Douglas, Jordan Ficklin, Paul Wadsworth, and Terry strive to maintain the balance between these two Special Member Rates for All Horology Kurdzionak. Also, thank you to all the AWCI staff forces and conditions. Education and Certification for your continued resilience during this period of improvement. The Chinese call this yin and yang, but for us in on-site and off-site bench courses available horology and those of you closely familiar with the To volunteer means to work for free. I encourage all lever escapement, you may already be aware of the FREE Referral Directory Listing of you reading this message to dedicate at least four “natural escapement error.” Surprisingly though, for yourself or your business hours every day for a minimum of one year doing through the careful designing by the engineer, these something you are truly passionate about for the errors cancel out each other therefore resulting in 10% Discount on all AWCI Products collective good, and not think about yourself or your a timepiece that is isochronous. Upon studying it in family. This team of volunteers has truly come through depth, one is surprised how it even manages to keep including books, DVDs and other with their promise to serve, and I am glad to have them accurate time. Some consider this to be one of the merchandise all on my team. The work is not over yet; we still have beautiful mysteries that are there for all to see, yet much to accomplish. only a few can observe. AWCI Technical Discussion & Parts Full Forum Access We welcome Terry Kurdzionak as our new Secretary Thank you all for your patience during our improvement on the Executive Committee; I look forward to working process. Online AWCI Career Center with her. I would like thank David Douglas for serving as Secretary, and I am glad he decided to stay on the In the meantime, keep your skills honed, your standards Full Access Board of Directors to complete his term. very high, your attitude professional, your tools and equipment in great condition, and your workshops Technical Assistance and Manuals clean and organized; perhaps you might want to invite and inspire the future generation watchmakers and clockmakers. American Watchmakers-Clockmakers Institute 701 Enterprise Drive | Harrison, OH | 45030-1696 | USA

Visit AWCI.com or call 866-367-AWCI to join! Horological Times June 2013 5 education & certification a message from the interim executive director Keith Rosser

Dear AWCI Members,

First of all, I want to thank each When I joined AWCI at the beginning of February, we and every one of our members were seven months behind in recording the financial for their patience during what transactions. Today, approximately four months later, has been a very difficult and we are up to date with all the transactions! Therefore, challenging transition period. in four months we processed 11 months’ worth of We still have quite a long way transactions, are current, and did so with fewer resources JULY to go to properly serve our than the organization had in January. Servicing & Adjusting the Swiss Lever AWCI ACADEMY OF WATCHMAKING 2013 COURSES constituents, but I am confident Escapement July 22-26 | 5 CEUs that we are on the right path. The fiscal year 2013-2014 business plan and preliminary Students will gain a good theoretical Modern Mechanical Chronographs, Introduction to Basic Quartz Watch & budget were submitted to the Executive Committee understanding to evaluate the condition Servicing & Adjusting 7750/7751 Quartz Chronograph Repair The ballots for this year’s election were recently mailed. and the Finance Committee. They will be reviewing, of the lever escapement and proceed August 26-30 | 5 CEUs Sept 30-Oct 4 | 5 CEUs Students will learn all the basics of the I encourage you to take the time to carefully read what discussing, and strategically analyzing them to help with the verification and analysis of the Students learn all the fundamentals of modern mechanical chronographs that each candidate has written in response to the common us better serve our constituents. Personally, I believe escapement functions. Class covers: modern basic quartz watch repair and are most prevalent on today’s market as quartz chronographs that are prevalent question, “As a board member, what will you do to be elaborate, well-designed plans can be drawn up, placed • All the fundamentals of the proper well as a profound understanding of how today as well as how to perform the a responsible leader and exercise fiscal responsibility?” on the walls in a boardroom, and communicated for the functioning of the lever escapement chronograph operate including: • How to make all the adjustments with various important electronic tests, e.g., Then you should mark your ballot with one, two, or world to see. However, it is the consistent and timely • The definitions and a brief history of the ease and confidence current consumption, coil resistance, three candidates, but not more than three. team execution of the agreed-upon plan that is the • How to understand the effects of mechanical chronograph and its various lower working voltage, fault finding, etc., adjustments on timing components including: critical key to success. Together we can make AWCI • The proper lubrication methods and the • About the basic features I also encourage you to complete the short five-question an organization to be proud of and one that current • About its basic functions • Historical background of quartz watches effect of lubrication on timing and overall • Discussion of all the components in detail survey on the back of the ballot. We are trying to as well as future generations want to be a part of. That performance • The basic differences between column wheel & cam chronographs and their purpose establish a baseline evaluation of the organization so is, an organization that our children and our children’s • Systematic approach of disassembly & • Measurement points for analog quartz AUGUST watches that we can measure how we improve going forward. children will be thankful that this generation created AWCI Advanced 21 – Caliber 3035 problem diagnosis and left for them. • Modern assembly procedures • Modern cleaning procedures Aug 19-23 | 5 CEUs | Prerequisite: CW21 • Lubricants for 21st century watchmaking The ballot must be returned and postmarked on or and CMW21s • Preparing barrel & winding • All chronograph adjustments • Servicing of both movements before July 3, 2013, in the envelope provided to be In 2013 there have been a lot of distractions for our • Witschi Q-Test 6000 - Testing Rolex movement caliber 3035 is found • Modern oiling procedures eligible. They are to be returned directly to our CPAs, organization. I believe now is the time to put the in the majority of Rolex Oyster watches • Etachron adjusting procedures parameters and troubleshooting quartz manufactured between 1977 and 1988 and • Timing & Adjustments watches Burke and Schindler at 901 Adams Crossing, Cincinnati, distractions, dissension, and unnecessary noise behind has become one of the most common • Fitting hands on chronograph watches OH 45202. us. We need to work together to achieve a “Blue Rolex calibers being serviced today. When • Dialing & Casing AWCI Advanced 21 – Caliber 3035 Sept 16-20 | 5 CEUs | Prerequisite: CW21 Ocean” type of success and consider the unlimited compared to its predecessor (1500 series), The audited financial statements and report for fiscal possibilities that are ahead of us. caliber 3035 represents a significant SEPTEMBER and CMW21s departure as it introduced several design Modern Automatic Watches OCTOBER year 2011-2012 were issued in May. We are now in full innovations for the modern mechanical Sept 9-13 | 5 CEUs AWCI Advanced 21 – Caliber 3035 compliance with the bank covenants. The report has movement. In order to effectively Students will learn all the fundamentals Oct 14-18 | 5 CEUs | Prerequisite: CW21 been posted to our website along with the narrative comprehend the unique characteristics of modern mechanical automatic watch and CMW21s of this timepiece, a high standard of explaining the year-to-year changes and remedial repair that are most prevalent today plus training that is focused on brand specific Polishing & Refinishing actions taken to date. Additional actions are underway how to perform the various diagnostics knowledge is being provided through the Oct 11-15 | 5 CEUs in evaluating the condition of the various to help improve our financial performance. generosity and collaborative efforts of our components, cleaning, assembling, See description below. industry members. Class includes: adjustments, dialing and casing. Class NOVEMBER • Identifying counterfeits covers: Polishing & Refinishing • Knowledge of the numbering system November 11-15 | 5 CEUs • Pre-cleaning procedures • The most common differences between • Movement service manual wind and automatic watches Polishing a watch today requires many • The regulating system • Detailed discussion of all components skills. Today’s consumer has high • The automatic system • Endshakes and tolerances expectations concerning the quality of the • The calendar system • Servicing, including up-to-date methods watch repair, including the refinishing of • Polishing of barrel setup the case and bracelet. Class covers: • Practical, theory & math exercises • Special casing requirements • Casing information • Water testing • Advanced cleaning procedures including pre-cleaning • Case and bracelet refinishing • New methods of lubricating modern • Metallurgy For additional details about specific courses in movements including escapement • Lathe finishes comprehensive syllabi form, including complete • Proper use of “epilame” • Use of modern variable speed polishers tool list, visit: http://www.awci.com/education- • Etachron adjustment procedure • Modern polishing techniques ensuring certification/education2/list-of-continuing-education- • Timing adjustments and analysis case shape integrity courses/. 866-FOR-AWCI (367-2924), ext. 303 • Water resistant testing

6 Horological Times June 2013 Horological Times June 2013 7 Tool List Hans Schwarz student notebook Cost: about $5,000 Used 8mm Moseley Lathe Used Set of 8mm Collets Used HR Cross Slide New Lathe Milling Attachment The Flying Carrousel was the distinct possibility that the carrousel would Used Step Chucks 1-5 not be a success, but then at least I would own a nice, Used Faceplate Tourbillon comprehensive set of tools. Used 3-Jaw Chuck Used Moseley Drilling Tailstock Editor’s Note: The following article is a submission from everal of my classmates were pursuing a variety As a designer who came to watchmaking from a New Centering Scope Here is the list NOS Miniature Metric Tap and Die Set a student at the North Seattle Community College’s of senior-year projects here at the Watch Technol- previous career in the aeronautics industry, I set out S of the tools needed New Plug Pin Gage Set Watch Technology Institute. This article represents ogy Institute in Seattle, and so I sought to join in with to experiment with without relying on for the carrousel. Used Dumore Sensitive Drill Press a student-directed project not contained within the a project of my own. conventional wisdom or watchmaking tradition. As an Quite a few were Used Jacot Tool normal curriculum of WTI. Students at WTI are taught inventor, I was prepared to test multiple ideas, knowing old and rusty. I enjoyed cleaning Used Seitz Jewelling Kit both traditional and modern watch repair techniques to The opportunity to work with knowledgeable instructors that some of them might not succeed. Traditional them up and giving New Staking Set help them meet the standards and practices required for in a facility with a wide array of tools would not present tourbillons rely upon extremely light and small cages them new life. Used Depthing Tool 21st-century watchmaking. Instructors also allow students itself again in the foreseeable future. I decided to focus to house the escapement. With their goals to be New Miniature Micrometer Hans Schwarz who complete their ordinary course work the freedom my project on experimenting with the tourbillon. extremely accurate timekeepers, the lightweight Assorted New Diamond Stones/Grinding to experiment, to explore, and to take on additional cage is essential. Much time and effort is expended in Wheels projects that will help further their growth. Without knowing what type of repair work would come creating the ultralight cage, and the skills required to Used Vise my way after graduation, it was difficult to decide on manufacture these precise cages contribute to their Used L&R Cleaning Machine which tools to own for all possible eventualities. The high costs. I set out with a completely different set Used Watch Demagnetizer carrousel project would be the decision maker. I set of goals. I set out to challenge the necessity of the Used Mainspring Winders out to purchase all the tools needed in making and lightweight cage. Used Microscope assembling its parts. (See tool list in sidebar.) There New Timing Machine

3

2

2. A depthing tool was used to confirm the compatibility of the two new wheel/ pinion pairs.

1

1. The ETA 6498 and 2550 movements are shown prior to modification.

3. The fully modified 6498 mainplate is shown. The carrousel support has been jeweled and riveted in three places to the mainplate.

8 Horological Times June 2013 Horological Times June 2013 9 student notebook

Watch timing instrument The watch would need to be easily modified, as the for mechanical watches long-term goal of the project was, in fact, to test unconventional modifications to the tourbillon system. Due to financial and time constraints, the watch would 4 5 6 need to use mostly purchased parts. The watch should fit within the physical constraints of an existing watch 4. The escape wheel was the caliber, which would force me to practice and gain Chrono Touch most difficult part to fabricate greater proficiency in micromechanics and making and assemble. Several failed at- tiny parts. Another imposed challenge was that it drive tempts were made to turn a staff and stake the escape wheel. An a watch movement that kept accurate time and that M.50 threaded connection was this watch movement fit into an existing watch case the one that worked. Note the with dial and hands. hex nut and washer clamping wheel to shouldered staff. Two watch movements were selected from which to 5. The partially assembled derive my tourbillon movement. For the base movement “Bumblebee.” The drive pinion I chose one of the largest movements in production for carrousel escape wheel has today, the ETA 6498. For economic reasons I chose been press-fitted. a Chinese replica of the 6498 for the prototype. The 6. The partially assembled escapement parts were taken out of an ETA 2550 carrousel watch is checked for ladies’ automatic movement. The escapement from proper clearances and jewel this smaller caliber could be fully contained within a adjustment. carrousel in the area allotted for the 7. The bridge side of the fully in the 6498. Parts were chosen from a vintage 2550 The latest generation of watch testers. It assembled carrousel watch. in working condition. Ultimately, the engineer in me combines Swiss precision with simple The train bridge was cut back asked: Why make a part when you can purchase it operation via a touchscreen and a crystal- to allow for the new carrousel clear, high-resolution color display. bridge. The train bridge required far cheaper? the addition of a new second Key features: steady pin and a new bridge Adapting the two movements was surprisingly simple. screw location. • Automatic detection of beat number A total of 21 parts were required. Ten were new and • All key values for the watch are displayed: 8. The dial side of the fully 11 were modifications of existing parts. Tasks ranged rate, amplitude and beat error assembled carrousel watch from being as simple as enlarging the hole in a wheel, • Simple operation via touchscreen movement. Bumblebee ready to more involved measures such as mounting the 2550 • Measurement time and lift angle can be for first flight! freely selected mainplate onto a faceplate in creation of the carrousel. • Graphic display of beat noise of watch 9. CAD software was used to lay (See definition on page 13.) I laid out the design using (oscillogram) out the parts. a CAD drawing package. • Printout of watch values with company, 10. Closeup of the installed customer and watch details Bumblebee. Rather than create working drawings for each part, • Ethernet interface for network connection • Extremely cost effective 7 as specific dimensions were needed, the CAD model was interrogated. As I did, one might draw all the parts in a complicated assembly all in one CAD document. At this point, traditionally, you separately dimension one drawing for each part for the manufacturer to build from. With computers we can give the shop electronic access to this complex CAD document, Dial Side Bridge Side and they can fabricate the parts by analyzing the large file, “interrogating” it for whatever dimensions they feel they need. A function in the CAD software Bumblebee & 2550

Bumblebee Dial Side allows analyzing relative distances and angles between geometrical elements of the drawing. The carrousel bridge was created by tracing the shape of a full-size Greiner Vibrograf 8 9 printout onto a piece of scrap brass. Greiner Vibrograf AG, 4900 Langenthal, Switzerland [email protected], www.greinervibrograf.ch 10

10 Horological Times June 2013 Horological Times June 2013 11 lay greiner ins 13 awci-ht 3,5x9,5inch 1a.indd 2 16.04.13 10:28 student notebook Hans Schwarz

11. The carrousel drive wheel is threaded onto the carrousel axle and left with a small amount of endshake. The slot in the wheel hub is lined up with the hole in the axle and 15. The carrousel pinned with a brass taper fixed wheel fits over pin (not shown). the carrousel axle. A pin in the jeweled carrousel support keeps the wheel 15 from rotating.

14 14. The 6498 escape wheel has been removed. 12. The carrousel axle The 6498 escape wheel staff was salvaged and the same reason. Some additional lessons I learned is fastened to the 2550 turned down to allow the carrousel drive wheel include: Don’t tap a material thickness much greater pinion to be press-fitted into place. mainplate using one cus- than about one times the major thread diameter. tom-made screw and two ETA 2550 bridge screws. Counterbore the thickness if required. It has been There is barely space for pointed out that threads inside crowns are often three three newly tapped holes. to four times the diameter of the stem. The thickness 11 of the balance rim is probably twice the diameter of the balance screw thread. However, I am baffled as Two new wheel/pinion combinations were required by The rivets were custom made from brass stock using to how those parts are made. Using the hand tools the design. Vintage pocketwatch gears were examined standard ratios. Make the head diameter equal to twice available to me, I would not be able to cut these threads and the best combinations selected. Gear selection was the shank diameter. Make the length of the rivet such without increasing the tap hole commeasurable with the most tedious of all the tasks and yet, as it turned that the tail shows one-and-one-half times the shank the increase in thread depth. out, the most critical components for success. I should diameter protrusion for upsetting. have chosen the escape wheel and fixed wheel pair The general rule for internal threads is to drill the hole with more emphasis on the meshing characteristics of Trial and error was the methodology I used for drilling to 80% of the major thread diameter. With smaller the gears. An escape wheel pinion and fourth wheel and tapping very small holes. I have a drill chart created thread, the hole may need to be slightly larger. The pinion pair from the same watch would have provided in the 1940s. Drill 80 (.343mm) is the smallest listed recommended tap hole diameter for M.70 would be excellent meshing, assuming you could find a fourth size and for good reason. The required skill level for 0.56. I typically would round up to the nearest drill wheel with the correct diameter. 12 successful hole drilling increases dramatically after bit size, which in my case was 0.60mm. You can’t going past drill 75 or thereabouts. During my learning round down because the tap would become jammed The two new pinions were made from existing wheel phase, I averaged one broken drill bit for every two with swarth and damage the threads. The process of staffs. After normalizing, the pinion was created by holes drilled. (You can boil out a broken bit embedded rounding up results in partially formed but workable “bologna slicing” it off the wheel staff. If you want a in brass with one teaspoon of alum dissolved in two threads. part in the shape of an angle or an I-beam, for example, cups of water.) Higher-quality drill bits should increase it is far cheaper to cut it or “bologna slice” it, from the likelihood of successfully drilling holes, but they Occasionally you come across a movement where it an extruded length of the desired shape, rather than can cost up to $15 each. I mostly appears that there was not enough machine your part out of a solid block. I had a long used drill bits costing 85 cents each. emphasis placed on ease of disassembly, length of the pinion shape in the form of a staff. I only After many unsuccessful attempts to Definition reparability, and reassembly. I must needed some of it so I sawed off what I wanted, much enlarge the hole in the 2550 escape admit that I spent no effort in this as you would a hunk of bologna at the deli. The parts wheel to .50mm, I settled on the carrousel tourbillon regard with the carrousel watch. After were completed by drilling the center holes for press 13 following foolproof method. Super encountering a more-than-expected fitting. 13. The Bumblebee shown from above. glue the wheel onto a brass plate This now widely used term was number of three-handed operations, I and mount the plate in a faceplate. introduced by Blancpain to describe relearned the importance of designing Jewels are much harder to manufacture than pivots. else did either. Have your jewels in hand before you Center the existing hole in the wheel an otherwise conventional one- with the watchmaker in mind. Parts should be designed around available jewel sizes. start cutting parts! and, using a tungsten vanadium drill minute tourbillon in which the axis Although they appear in catalogues, many of the jewel bit, gently move it through the wheel of the balance was offset from the I’d like to give credit to my instructors sizes I ordered were not available and could not be Riveting was fun and I was very satisfied with the results. while slowly turning the faceplate Elaine Rolf and Erik Gresseth for axis of the tourbillon carriage, giving back-ordered. Jules Borel was my source for Seitz The carrousel support was riveted in three places to by hand. Immersion in acetone will their help and their dedication to the tourbillon a more carrousel-like jewels (shown in tabular form on pages 90-91 of their the mainplate. I counterbored the mainplate to bury quickly and easily dissolve the glue. teaching the skills necessary for proper old catalogue). I checked other sources, but if Jules the rivet tails. The rivet heads were countersunk, and High-quality taps for threads below appearance. watchmaking and for allowing me the Borel didn’t stock a specific listed jewel, then no one you can see one of them in the bridge side picture. about M.70mm are necessary for freedom to explore the unconventional

12 Horological Times June 2013 Horological Times June 2013 13 student notebook Hans Schwarz Richemont North America

techniques employed in this project. My design background which may result in excessive wear at the train pivots. comes out of the aircraft industry, so true watch- Dynamic loads caused by shock on the carrousel’s Richemont owns several of the world’s leading luxury companies in the design aficionados may find the rough nature of the jeweled bearings have not been addressed. There is design disconcerting. Airplane mechanical design is much to keep me busy in the future. watches, and writing instruments. highly practical with little or no consideration given to aesthetics. Some find beauty in this type of functional In conclusion, I must answer the question as to whether We are seeking a talented and qualified NAIOSW Instructor design, and I hope to have captured that here. or not this project was a success. In its present state, the for the Richemont Technical Center, Fort Worth TX watch will not be winning any chronometer competitions The main purpose of a NAIOSW Instructor is to provide proper training in both The “Bumblebee,” as I have nicknamed it, should but that was never the intended purpose of my project. the theoretical and practical areas of watchmaking for the purpose of developing have been too heavy and I fully did not expect the I did learn many things about watch design, and I was quali ed watchmakers in the U.S. Market. The Instructor is responsible for carrousel to run. But, to my amazement, it did run, and able to practice micromechanics techniques that will applying past knowledge and experience to foster the growth and development the timing machine has calculated amplitudes as high serve me in my career as a watchmaker. I was able to of the students participating in WOSTEP sponsored courses. All students are to as 200 degrees with the existing 6498 mainspring build a tourbillon cage that would operate in the watch, be given proper instruction which may require adaption to the student’s installed. The continuing goal will be to increase this and it will serve to test ideas I have for compensating learning abilities. It is important to ensure that all eorts are being exhausted to amplitude and to turn this heavy carrousel system for the heavy weight of the cage. t reach each and every student and maximize their abilities. into an acceptable timekeeper. There will be many obstacles to overcome in this regard. • Promote the program by actively participating in: Some method of poising the carrousel Check out the video on YouTube • Take part in the maintenance of the paperwork involved with running a program will have to be fashioned. The power such as the CWC. This includes ling forms to meet application deadlines, reserve will have to be brought up to an www.youtube.com/ student and sta records, as well as those related to State Authorities. acceptable level. The mainspring may watch?v=hGukOFe5I3A • Contribute with the creation of the calendar and its contents. have to be replaced with a stronger one, • Throughout the training, ensure that the student’s progression is documented and communicated in predetermined intervals. The feedback should be concise, yet informative.

Required experience: • Minimum of 5 years Watchmaking Experience preferred • Practical and Technical Skills The simplest water Education: Certi cation from an Accredited Watchmaking School resistance test ever • WOSTEP • European 4-yr programs • SAWTA – Tests with vacuum and pressure

(-0.3 and +2.0 bar) Technical skills /abilities: Firm background in physical science, basic math, algebra, trigonometry and – Device with integrated compressor and mechanical theories printer

Personal skills: – Not necessary to set watch parameters Good Communication Skills – Insert the watch, close the chamber and - Ability to translate/describe technical documentations the seal test takes place automatically - Adaptable to change methods of teaching to ensure that all students are reached – Thanks to new algorithms, reliable test for all types of wristwatches Miscellaneous: Domestic and International Travel Required - Short and Long term trainings - For the purpose of Brand provided trainings and WOSTEP Trainings Distributed by:

We offer competitive compensation, benefits, and relocation assistance. CALL 1.800.487.0408 Jules Borel & Co. CALL 800-776-6858 To be considered, please submit your resume and profile on FAX 1.800.487.5848 1110 Grand Boulevard FAX 800-776-6862 www.Richemont.com or by fax to 212-759-1857. Shop: www.casker.com Kansas City, MO 64106 www.julesborel.com

14 Horological Times June 2013 Horological Times June 2013 15 Jack Kurdzionak, CW21, FAWCI Tom’s Tips Tom’s from the workshop

#3 in a series Glass Movement Covers Available Again

atchmakers need to cover any exposed watch What is delta and what does it really mean? Wmovements or parts they leave unattended on the bench. In the past, we used small, molded-glass movement covers fitted with a handle for ease of lift- ing and moving. Those old glass movement covers are unforgiving because they shatter every time someone Delta is the maximum deviation in rates in either full-wind, half-wind, or both. drops one. At one time, that was no problem. A phone call or post card to Swartchild (see the photo of one Depending on the watch manufacturer, the delta value timekeeping as much as the delta value (and often from the 1935 Swartchild catalog at right) would bring given can be derived from three different sets of criteria. even less). So knowing the delta and having a low a replacement in the mail. Glass movement covers are Rolex, for example, uses both “less 24 hours” rates delta is a very desirably thing. now like many other supplies we were able to purchase (basically half-wind) and “full-wind rates” in order to in past years. That is, they are no longer available. The determine what they call their first criterion (the delta). How about Omega? Omega uses a predetermined only ones now available are made of clear plastic. Plas- This value establishes at least two goals of which I am value for half-wind (Delta 24h) and a separate value tic does the job, but it has a number of drawbacks. aware. First, it gives us a standard in order to determine for full-wind (Delta 0 h). These exact numbers are It scratches easily and electrostatically attracts dust. if the watch is functioning correctly within the allowable located in their Working Instructions #5. This allows After a while, plastic becomes translucent rather than tolerances. If it is, we are only then permitted to move the watchmaker to test the quality of the repair before transparent. The more one wipes them clean, the less on to the average rate adjustment, which is the second it is finished and sent out to the customer. The same clear they become. Plastic covers just cannot duplicate criterion. These checks and balances are put into place applies as above; a very low delta often keeps even the clean, clear appearance and the feel of glass move- in order to provide the quality outcome that a Rolex is the pickiest customer satisfied. ment covers. I have priced used glass covers in watch easily capable of, and it prevents us from continuing to supply shops in Switzerland only to find them chipped try to adjust a watch that has some other problem(s) How about ETA products? Most of the time you will or cracked. Even damaged, the Swiss vendor was ask- that may have been overlooked. find the value tolerances in the factory information ing as much as $50 for those damaged ones. guides and not the standard tech guides as in the other The second reality associated with delta is this: If you two mentioned brands. They usually have a full-wind How could I find a glass movement cover without paying have a very low delta value, your customer satisfaction delta (Delta 0 h) value only. $50 for a damaged used one? I found the answer to will be very high. What delta really means to your my question in Walmart’s housewares department: customer is this: It doesn’t matter if they wear their Keep in mind that some of these values can easily be Pyrex 8-Piece 1-Cup Storage Cups. A set of four with watch on the right wrist or the left, if they sleep in it obtained with proper service and adjustment, but with matching plastic lids sells for about $10. Invert them Glass movement cover made from Pyrex bowl. or not, or if they lay it down the “wrong way” at night. the larger delta values, we must consider the possibility on the bench and they make a neat cover for any work It doesn’t matter, because the watch will only vary in that something has been overlooked. that requires protection from dust. The lack of a handle does make it difficult to lift them off the bench, but that drawback is easy to overcome. Before leaving TS-ANALYZER-TWIN Walmart, go to the cabinet-hardware department the center of the cup’s base. Exact positioning is not SCREEN SHOT and locate round cabinet knobs with cylindrical bases critical; close enough is good enough. Allow the epoxy Rate ▪ Amplitude ▪ Beat Error (Walmart’s term), which sell for about two dollars each. to set for a few hours in order to achieve maximum Shows You can also find the cups and knobs in a hardware strength. They will be ready to use and will last a long Jules Borel & Co. 6 Watch Positions store. You will need four of them. If you do not have time. I made a set of these several years ago. They Kansas City, MO Summary Results Graph some two-part, five-minute curing epoxy, buy some are all in daily use and none have chipped nor broken, Average: Rate & Amplitude julesborel.com Delta: Rate & Amplitude and you will then have everything needed to make even though I have dropped a few of them on the 800-776-6858 four glass movement covers. floor. I wash them regularly with soap and water and dry them with a lint-free towel. Epoxy bonds will fail To download a copy, go to www.awci.com home page and click on Tom’s Tips Discard the plastic lids and wash the four Pyrex cups when exposed to heat, so avoid heated drying. If you and the four drawer knobs. After drying the cups and decide to make these, you will have spent less than Tom Schomaker, CMW21, is the watchmaking instructor for the American Watchmakers-Clockmakers Institute (AWCI). He has received brand-specific train- knobs, invert the four cups on a worktable. Mix the $20 for the knobs and cups, and have a nice-looking, ing in the U.S. and Switzerland and has performed after-sales service for a Swiss manufacturer. AWCI is the U.S. trade association for watch repair and clock epoxy and cement a knob to the base of each cup. You functional set of glass movement covers to protect repair professionals. We provide numerous services for industry and host the nation’s largest directory of watch and clock repair resources at www.awci.com will have a couple of minutes to position the knob in any work in progress on your bench.

American Watchmakers-Clockmakers Institute 866-367-2924 © AWCI 2013. 6/2013

16 Horological Times June 2013 Horological Times June 2013 17 technicaltechnical discussions discussions Laurie Penman Part 6: Clockmaking—The Tools

Part 6 FIG 06.19 Making a Clock Movement Post

reviously, in Part 5 of this series, I showed the mak- Ping of a clock movement post using form tools and pointed out that it could be done with a lathe as small as a Sherline, although the width of the cutting edge was reduced to about 20mm.

To continue for this month, the post still needs to be drilled and tapped, and washers and old-style screws FIG 06.17 made for it, Figure 06.17. The hole at one end can be made when the form cutting has started. When it is with a graver or a center drill. When the hole is drilled, simply a plain bar of brass, it is not necessary to make offer the tap up to the hole and either support it with sure that the hole is dead true to the outside of the the tailstock drill chuck or use a center in the tailstock bar. As long as it is “eyeable” (i.e., within 0.5mm), it will to support it when the tap wrench has been fitted. If a not be noticed. Also, it does not locate anything; that tap wrench is used, rest the handle on some solid part is done by the short turned spigot, which is machined of the machine and rotate the lathe chuck by hand, just before forming begins. Figure 06.18. In all probability the brass rod will slip in the chuck after two or three turns. Don’t worry; enough Drill the hole for the tapping size required, starting it thread will have been cut to hold the tap upright in

FIG 06.18

FIG 06.21

FIG 06.20

a vise while the job is finished by hand. If the work bore equal to the diameter of the parallel portion of the still slips, the tapping hole is too small and has left pillar, and the outside diameter a couple of millimeters too much work for the tool to manage. Use a slightly larger than the bulges. Figure 06.19 shows a piece of larger drill bit and then put the rod back in the vise. brass being drilled to meet this specification. The existing thread should still hold the tap correctly. Bore and outside diameter should be machined without Tapping the other end is trickier because the form work moving them in the chuck so that they will be concentric. has been completed, and tightening chuck jaws onto Figure 06.20 shows the bush held in a vise and being the pillar will damage it. A split bush is needed with a split by a hacksaw; Figure 06.21 shows the result.

18 Horological Times June 2013 Horological Times June 2013 19 technical discussions Laurie Penman Part 6: Clockmaking—The Tools

FIG 05.07 FIG 06.23

FIG 06.22

Remember to scratch across the cut so that the pieces reaching over an obstacle, a fixed pinion for instance, can be properly assembled in use. The two halves need and holding the diameter that needs to be held true to be held in a vise to tidy up the cut surfaces with a to the axis of the lathe. It is easier to use, and more file and have the fraze removed from inside and out. robust than the lantern chuck that has to be used on machines that have no three-jaw chuck or cannot fit In Figure 06.22, the pillar has been mounted in the one that is large enough, which is a common problem chuck for drilling and tapping. I photographed this with on basic watchmaker’s lathes. the chuck running. You can see that the outline of the FIG 06.24 form has been reproduced quite crisply, without the Drilling, as I said earlier, should be started with a center significant fuzziness that would result if it was running drill, Figure 06.23, to make sure that the twist drill that eccentrically. If the bush is made carefully with the follows is less likely to wander off center. a dedicated drill sharpening device, small drills (less The finished pillar, Figure 06.24, has been drilled and bore and outside diameters machined at the same than 1.5mm in dia.) are best replaced with new ones. tapped at both ends and polished. Use cotton gloves setting and the cut surfaces filed and accurately mated, Keep twist drills sharp and properly ground so that A lot of time can be wasted sharpening small drills. to handle from now on. this is a very useful way of tackling the problem of the point is truly on its center line. Unless you have

20 Horological Times June 2013 Horological Times June 2013 21 technical discussions Laurie Penman Part 6: Clockmaking—The Tools

Screws Oil Blacking There is an “antique” screw inside several modern matched or tapped the hole to a modern screw thread, The gas torch is not simply for soldering and silver forms; it just needs to have the head re-formed. The the head needs to be shaped to the form of the old soldering; it can be used for coloring metals too. Oil old screwed hole will need to be tapped to accept screw. I simply hold the new screw in the three-jaw blacking is an alternative to bluing. It is a simple heat a relatively modern screw that has a slightly larger chuck, Figure 06.25. I have never bothered to make treatment, handsome, and it is rust resistant to a thread diameter, but this is rarely a problem. I have a a special holding jig for this; a file used sensitively greater degree. collection of differing taps: American Coarse, American will not drag the screw out of the chuck. Even if the Fine, British Standard Fine (BSF), UNC, Whitworth, thread has been shortened by sawing and the end Do not handle the newly modified screw with bare British Association (BA), bicycle threads, motorcycle needs to be rounded over with a file, the work stays hands, because any sort of grease may affect the finish. threads and, for when the screw needs to be recut, firm enough with the head held in the chuck. Shorten Prepare a small hearth, Figure 06.28; the honeycomb antique die plates. The thread cut by these 18th- and the thread if necessary before re-forming the head, slabs used in this figure are intended for a barbeque 19th-century tools is not very satisfactory. The best so that it is not marked by the chuck jaws. In Figure hearth. They are a bit brittle, but they do an excellent ones are 19th century and have two holes drilled, one 06.26, the file is being used to shape the job. Build the hearth on a piece of heat- on either side of the screwing hole to produce a cutting head into a short cylinder with a domed Editor’s Note: Think safety proof sheet to protect your bench. The edge. Earlier ones have none, and simply squeeze the top. It is then polished with emery paper, first when using rotating honeycomb allows hot gas to pass through. metal into a rough thread form. Screws made this way Figure 06.27. The slot is simply a saw cut, equipment and torches. often had square heads because the thread was made which for British is made into a Wear protective eye Hold the screw with pliers that will not on a length of rolled bar and cut off when finished. vee with a slotting file, or for 19th-century gear. Avoid using gloves be used for their proper purpose, for French and German clocks usually left or wearing rings, and tie the heat will destroy their temper, and The reason that I am talking about cutting a new as a straight saw cut. I use a lathe chuck back long hair. Do not wear hold the head of the screw in the flame thread in the clock plate, or whatever, is that the main held in the vise to present the screw for loose clothing while using until it is a dull red. Then dip it in oil and cause of the problem is a worn or torn hole. Having cutting. rotating equipment. hold it in the oil for a short while. It has

FIG 06.25

FIG 06.28

FIG 06.26 FIG 06.27

22 Horological Times June 2013 Horological Times June 2013 23 technical discussions OSUIT School of Watchmaking Cover Movement

Tampa, FL Your Horological Source Since 1969 oe Shin created this watch during his first After assembling and performing LG Case Opener with Removable Jyear as a student in the School of Watch- Times TM the appropriate function checks making at Oklahoma State University Insti- ADVANCING THE ART, SCIENCE & BUSINESS OF HOROLOGY and ensuring functionality, the Case Vise JUNE 2013 tute of Technology. Constructed as part of process of shaping and finishing the school watch project, Mr. Shin was able the bridges began. Now our very best case to bring his artistry and passion together with opener is offered here with the technical skills and competencies gained The school watch project is one a case holder featuring and honed during the program. example of how students gain nylon covered pins which a higher level of competency. makes it unnecessary to The basics, such as material knowledge, cutting From design to completion, use a cloth between the Horological geometry, drilling, turning, boring, and milling the project is a product of the opener and the precious are tools Mr. Shin drew upon while developing student’s capabilities. Joe Shin is a watch case. This adjustable AMERICAN WATCHMAKERS- the process for completion. The process began CLOCKMAKERS INSTITUTE 2010 CW21 and SAWTA certified case holder simply slips with a conceptual design of the bridges. An Part 2: Platform Escapement Bushing replacement graduate and proud alumnus of into the groove in the base StUDENt NOtEBOOK: Flying Carrousel tourbillon FIG 06.29 analysis of the original movement provided a tOM’S tIPS: Delta: What Does It really Mean? the School of Watchmaking at Part 6: Clockmaking—the tools of the opener – it’s fast and number of features that needed to be included OSUIT. HT_JUNE_frontmatter.indd 1 6/20/2013 5:27:47 PM convenient. Case holder is made of aluminum and in his design. A single nickel silver disk was the watch may be inserted into the holder then put chosen by Joe for its ability to retain a high quality Horological Times is always on the lookout for into the wrench to be removed. surface finish without plating and its traditional use in exceptional work and related photos. Please forward watchmaking. Using a lathe and a centering scope, Joe queries and photos to [email protected] or jpficklin@ Stock No. 591.652 $84.95 drilled the through holes, bored the jewel holes, and gmail.com for placement in our forthcoming regular turned the recesses to create a 3/4 plate for the 6497. feature Student Notebook. Black Waterproof Crowns

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Prices subject to change without notice. 06/13 1722 Madison Ave. Toledo, OH 43604 Finish with a touch of fresh oil to give the screw a The Watchmaker’s Material House Since 1913! tel 419-243-3720 800-537-0343 sheen. Figure 06.29 shows a “before and after,” and fax 419-243-0321 800-245-6481 Phone Orders (800) 476-2715 Figure 06.30 shows the screw and washer assembled. [email protected] Fax Orders (800) 476-8016 The form and the making of the washer was described www.mccawcompany.com Email: [email protected] in Part 3, March issue, Horological Times, page 14. t Online Catalog: www.LivesaysInc.com

24 Horological Times June 2013 Horological Times June 2013 25 technical discussions Dale LaDue, CMW21 Part 2: Platform Escapement Bushing Replacement

FIG 2.16 Part 2

Platform Escapement In the first part of this article, a bushing was turned on the lathe that utilized a standard Bergeon brass Bushing Replacement bushing, maintaining concentricity with its center hole.

here are different ways of returning a worn pivot The platform was mounted on the faceplate, and the Thole to its original position, and if you ask differ- spring-loaded, tapered center was inserted into the ent clock repairers, each will have a preferred method. underside (the worn hole side) of the platform. At In this platform, the clock wheel pivot did not extend this point, the worn hole was centered, which is not through its hole, and had worn laterally under the top necessarily the original center as viewed through the edge of the oil sink, creating a lip. Referring to Figure inspection hole in the faceplate, Figure 2.14. The center 1.2 in Part 1 of this article on page 26 of the May issue, was withdrawn and locked back as shown in Figure the pivot hole shows very little wear, especially com- 2.15. The platform was held loosely in the faceplate pared to the underside of the plate as seen in Figure clamps during this process, and then tightened to hold 1.1, page 26 of May issue. This allowed me to find center the platform in place, Figure 2.16. using a faceplate in the lathe rather than a clock bush- ing tool. A wobble stick was used to find center by inserting its pointed fore end into the topside of the hole that Fig 2.14 had the unworn lip, Figure 2.17. This particular stick

Fig 2.15

Fig 2.18

FIG 2.17

26 Horological Times June 2013 Horological Times June 2013 27 technical discussions Dale LaDue, CMW21 Part 2: Platform Escapement Bushing Replacement

is pivoted 1” from the bushing and extends at least 7” from its pivot point. Consequently, any off-center movement at the bushing is amplified by a factor of seven. A millimeter gauge was set up at the far end to indicate the slightest movement, Figure 2.18. When the far end rotates up to its apex, the hole is off center at its lowest point; conversely, when the far end is down, the off center is up. At this point, a nonmarring small hammer was used to gently tap the plate at the high point and then check for movement at the gauge. Doing this procedure a few times allowed the pointer to remain steady. Figure 2.19 depicts the hole running true as the lathe was spun. The hole was carefully bored out and the bushing, being held on the wheel’s pivot, Figure 2.20, was tested in the hole until it just entered and remained in place as shown in Figure 2.21.

The platform was removed from the faceplate and Fig 2.22 Fig 2.23 placed on a flat stump of a staking tool. A round- FIG 2-19 nosed stake that closely matched the contour of the bushing’s oil sink was used to initially press the new as well have been pressed home from the underside; bushing in place, Figure 2.22. A smaller round-nosed however, I chose to avoid any possible damage to the stake was then used to press the bush through the banking pin nearest the new bushing. Viewed from the plate, flush against the stump. This bushing could just underside, Figure 2.23 shows the new bushing and,

Fig 2.21

Fig 2.20

28 Horological Times June 2013 Horological Times June 2013 29 technical discussions David fahrenholz Technical Book Review

most importantly, the clearance from the milled out A smoothing broach was then used to remove any The Gruen Watch Repairer’s Reference consists of banking pin section. The top view is shown in Figure burrs and to burnish the inside of the hole as shown in over 500 pages—mainly scanned documents from the 2.24 prior to cleaning and oiling. Figure 2.25, after which the platform was cleaned and official Gruen publications, but it contains other research oiled and replaced in the clock. I have demonstrated as well. The book contains valuable interchangeability a viable and professional manner to replace this guides for movements, dates of manufacture, hand bushing concerning certain constraints, one of which size, and more. Also included in this vast catalogue was the length of the bush compared to the width of are industry-standard sizes for various components. the plate. It would be difficult to match these differing An immensely useful component is the extensive dimensions without creating an unusually shaped oil crystal guide, which should be helpful when ordering sink in the plate. I opted to leave a small straight wall customer’s crystals or trying to source numbers. hardly visible in the normal view in Figure 2.26.t I enjoyed going through this reference and seeing the depth of information the Gruen factory shared with watchmakers. If you service Gruens or have an affinity for this well-made brand, you should definitely pick up this guide to make your library of Gruen watch information complete.

ISBN: 978-0-578-08605-7

Available from gruenwristwatches.com and watchmakingbooks.com

Fig 2.24 Fig 2.25

Fig 2.26

30 Horological Times June 2013 Horological Times June 2013 31 industry news Trending2013

CHELSEA CLOCK Creates The Chelsea Clock Seafarer Trophy From Cut Glass and Crystals The Chelsea Clock Seafarer Trophy, “SEAFARER” TROPHY designed as a perpetual trophy for to Heirloom Timepieces display at the Annapolis Yacht Club, is a special edition of the company’s For 2013 Annapolis to Newport Race Mariner clock, first patented and produced by Chelsea in 1911. An exact Massachusetts-based Chelsea reproduction of an original yacht Clock, 116-year-old maker of fine wheel, the Seafarer Trophy features nautical clocks, barometers, and Chelsea Clock’s renowned chiming tide instruments, has been named Ship’s Bell mechanism, with 11 jeweled one of the official trophy spon- movements and 364 brass-and-gold- What is “The Weekend Watch”? sors of the 2013 Annapolis to plated precision parts. The clock’s dial Newport Race (in conjunction is crafted of deeply etched brass that is Several companies, often in conjunction with the 2012 Newport to Ber- hand silvered and enameled. with well-known designers, have muda Race), and has created an The wood base and back are developed lines of sporty, modern, and, exclusive “Chelsea Clock Seafarer crafted of solid mahogany, while the yes, “unbusinesslike” watches just to Trophy” for this biennial sailing wheel’s ring keep things interesting. Here are a few event that challenges racers on a Clock, will be awarded to winners in and base are of the new kids on the horology block: 473-nautical-mile course from Annapo- each of the four divisions. “We deeply finished using lis, Maryland, to Newport, Rhode Island. appreciate the support of Chelsea Clock a proprietary Jack Spade, a designer who originally for offshore racing,” says Annapolis to hand-rubbed specialized in creating functional “Chelsea Clock is honored to be a part Newport Race committee chairman copper-bronze utility bags, brings a series of watches of this exciting sailing event,” says Chip Thayer. “Their generosity in finishing reminiscent of the old plastic Swatch JK Nicholas, CEO of Chelsea Clock. stepping forward to create the Chelsea process. The designs to much more stylized versions “The Annapolis to Newport Race is a Clock Seafarer Trophy encourages Chelsea Clock inspired by sports watches. challenging international competition participation in these two great offshore Seafarer Trophy In a recent issue of T Magazine, The with the knowledge of the finest Swiss that draws best-in-class racers from all corners of the world. As a company classic races.” One of the most historic stands 17 ½ New York Times Style Magazine, we watchmakers. Alessi now has lines designed by with a long, rich history of marking and well-known of the U.S. East Coast inches high couldn’t help but notice a small article The Crystallium has a 48mm case, a series of designers including Hani time at sea, we are proud to create a blue water races, the Annapolis to and weighs 33 with cartoonish illustrations describing a spider web-inspired dial, and a Rashid, who created the Eleganz der special award that acknowledges such Newport Race begins on June 7, 2013. pounds. “The Weekend Watch.” It appears that transparent case back that reveals a Zeit an deinen Armband wristwatch. notable winning achievements and Linking two seaports dating from our About Chelsea Clock high-end designers like Jack Spade, “Côtes de Genève” style rotor. The Rashid’s previous projects as an celebrates the adventurous spirit of nation’s birth, Annapolis and Newport, Founded in 1897 in Chelsea, Alessi, Miansai, and Tourneau are now design, reminiscent of diving watches, artist span from experimental spatial today’s competitive sailors.” the race provides a contrast between Massachusetts, Chelsea Clock is the getting into the wristwatch game. The has been updated with a new stainless- installations to digital architecture. the country’s largest estuary, the oldest clock company in America and news is designers are expanding by steel-and-aluminum strap, black The Chelsea Clock Seafarer Trophy Chesapeake Bay, and the Atlantic maker of fine nautical timepieces. The creating elegant, funky, and sporty faceted ceramic bezel, and automatic Miansai, an accessories company will be awarded to the team with the Ocean. The race has existed in various chimes of the Chelsea Clock Ship’s Swiss-made quartz options that range Swiss-made movement. with a heavy focus on bracelets, best combined performance in both the forms dating back as far as 1871, and Bell, originally designed and patented from $200 into the thousands. New in the women’s line, a sportier has now expanded, with the help of 2012 Newport to Bermuda Race and was officially established in 1947 to be in 1898, have long alerted U.S. Navy And just last year, Swarovski, best option called Octea. Although the Michael Sanger, to include watches the 2013 Annapolis to Newport Race. held on a continuing basis in alternating sailors and worldwide mariners to the known for figurines, jewelry, and focus is on simple, yet elegant, designs, in three styles—­M1 (Perpetual), M2 The trophy will be presented on June years with the Newport-Bermuda time during their “watch,” earning the couture made from cut glass and Swarovski never forgot where they (Chronograph), and M3 (Automatic), all 12, 2013, at the Annapolis-Newport Race Race. Until the mid-1950s, it was the company a reputation for producing crystals, unveiled a watch collection came from. Their Lovely Crystals line, available in multiple colors. Prize Giving at the Ida Lewis Yacht Newport-Annapolis race, but after much authentic, high-quality nautical of their own. Soon after, Swarovski for example, incorporates crystals Club in Newport, Rhode Island. Entrants complaining by competitors about timepieces. Today, Chelsea Clock expanded their men’s line and Swiss using 16 freely moving zirconia stones Tourneau introduced 88 Rue Du in both races in the IRC, IRC Double- slow trips up the Chesapeake after a continues to produce a broad range watchmaking expertise to include that glide around the dial. Rhone, an independent brand of Swiss Handed, PHRF, and PHRF Cruising long ocean race, the course was finally of precision clocks that meet stringent women’s watches. For the men Elegant timepieces, modern designs, luxury watches, launched by Elie and divisions will be eligible to compete reversed in 1957. For more information government standards, accurately this year, Swarovski introduces the and heirloom pieces designed to be Pierre Bernheim. Grandsons of the for the Seafarer Trophy. First-place on the Annapolis to Newport Race, visit keeping time aboard ships, submarines, Crystallium Watch, designed by watch worn on any occasion and to last a renowned Swiss watchmaker, Raymond keeper trophies, also created by Chelsea www.race.annapolisyc.org aircraft carriers, and other official designer Eric Giroud. The Swiss-made lifetime. Watchmaking that’s a far cry Weil, they combine their talents, seafaring vessels. watches combine Swarovski’s faceting from humble beginnings in a small expertise, and watchmaking know-how Photo by Martin Image Photography (martinimage.com) expertise as crystal and glass experts glass factory in Northern Bohemia. to create their own brand.

32 Horological Times June 2013 Horological Times June 2013 33 affiliate chapter news affiliate chapter news

Capital Area Watchmaker George McNeil’s Potomac Guild Indianapolis Horological Association and Clockmaker Guild (CAWCG) (IHA) The Potomac Guild always includes a show-and-tell, 50/50 Gene Galbraith’s presentation drawing, and any material wants/needs. Come early (6:30 The May meeting of the Indianapolis Horological Association at the April Meeting: “Patti Unveiled” p.m.) for an informal get-together with other members and was held on May 29 at La Hacienda Restaurant. The pizza dinner. program planned was “Arnold Golay, Toy-Maker,” a The Capital Area Watchmaker 28-minute DVD about a retired Swiss watchmaker who and Clockmaker Guild held their For the June program at the Fairfax City Senior Center, applies his horological skills to his retirement pastime. Intermediate Clock Repair Class Jason Hall and Joe Jabbour will give a presentation: at the Windermere Clubhouse in Understanding of Basic Fundamentals of Antique Clock The meetings usually begin at 6:00 p.m. for conversation Pflugerville. The class ran from 9:00 Valuation. They attended The NAWCC Clock Appraisal and refreshment, dinner orders at 6:30, and the official a.m. to 5:00 p.m. where the students Course and will share their experiences and knowledge meeting to commence upon completion of dining, usually disassembled a two-train clock, obtained during the course. The presentation will be around 7:30. May door prizes were provided courtesy of learned about spring removal, basic about an hour and will allow for questions and answers. Butterworth Clocks. inspection of the springs, gears and The information will include appropriate terminology and pivots, pivot polishing by hand, establishes criteria for making value judgments based on For more information about this association and how to join, doing bushing repair by hand, and comparative analysis. Learn clock examination techniques, contact Joseph M. Schrader, CMW, at [email protected] reassembly. Everyone said they what to photograph on a clock, and research tools and learned a lot and had wonderful The May monthly meeting program was by Patricia “Pat” methods. They will touch lightly on how to apply critical fellowship with each other. Special Holloway on the topic of “What’s New at the Fair?” The appraisal skills, such as qualitative ranking, classification, appreciation goes out to David topic included many things about watches and clocks rarity determination, and how to write accurate descriptions. Arnold for his hard work in leading during the late 1800s. Items auctioned between the the training with the support of Mike meeting end and the beginning of the program for May Their May program was given by John Negal, a Fairfax Williams and Jay Holloway. were a bag of various watches, two Bulova Accutron RR County police officer on smart preparation and tactics to wristwatches, WIN lighter in box, new Bulova Travel Alarm, protect your home, business, and your personal safety. a bag of various pocketwatches and stopwatches, a bag of He had a very informative program and provided answers wristwatch bands, and a box of Omega parts. to member questions. Contact Barry Boling for more information about the guild and how to join at bbwatch@ NAWCC has 16,000 members with horological June Program Presenter verizon.net Mary Ellen Bell interests, businesses, and skills. Mention You’re an AWCI member and WE WILL DONATE .1% of each sale to the ELM Trust! Meeting Date & Time George McNeil’s Potomac Guild Officers NAWCC Membership Includes: June 25, 2013 • The Watch & Clock Bulletin, a peer-reviewed journal, CALL OR EMAIL FOR DAILY PRICING Dinner: 5:00 – 6:00 p.m. President: Ryan Johnson and Mart & Highlights, mailed and/or available online six Program: 6:00 p.m. times a year. (855) 243-8724, [email protected] Vice President: John Enloe (Acting) • An online archive of NAWCC periodicals since 1943. Location • Annual national conventions and educational Batteries - Silver Oxide Polishing Per LB Pok-E-Jo’s Smokehouse Secretary: Barry Boling symposiums and many regional events. • Business membership opportunities Paying 2.2x silver 2121 Parmer Lane (near Metric Blvd.) (visit www.nawcc.org for details). Austin, TX Treasurer: Dick Riegel • Research and borrowing privileges at the Library and Phone: 512-491-0434 Research Center, the world’s largest collection of www.pokejos.com horological literature. For more information about CAWCG and how to join • An online video collection and research material for TOP DOLLAR PAID contact Jay Holloway, Secretary, at hollowaytrading@gmail. members only. Starting price per lb $60 & up • The NAWCC Community and the NAWCC Message Call for price com Board—access to thousands of members who share ideas, form groups, give advice, and help other Payout Examples 2.2x LONDON WE PAY PER members with their collecting needs. SILVER FIX POUND (LB) Call for free UPS $28.80 $63.36 shipping label $33.75 $74.25 Become an NAWCC member today! $38.85 $85.47 $43.46 $95.61 www.nawcc.org From the USA: Call 1-877-255-1849 (select option 5) $48.34 $106.34 From the UK: Call 00-1-717-684-8261 7131 Perri Lane Brooklyn, NY 11234

34 Horological Times June 2013 Horological Times June 2013 35 NAWCC_ad trade_APPROVED.indd 1 5/13/2013 7:31:27 AM - affiliate chapter affiliate chapter news news

Minnesota Clockmakers Guild (MCG) Award-winning astronomical Horological Society of New York (HSNY) regulator built on a single plate of glass by Richard Cox. The date of the most recent meeting of the Minnesota There will soon be a new way to find out information about Clockmakers Guild was June 6 at the Hopkins Pavilion where the Horological Society of New York. Over the coming the program was “Sherline Lathe Fixtures, Attachments, and Richard Cox, from Findley and months they are having a new website developed which Maintenance Tips” by Jeff Pomeroy and others. Cox Antique Clocks, talked will be accessible at www.hs-ny.org and is expected to be about his process of building completed later this year. The website will house a variety of The joint MWCA-MCG Symposium was held May 3-5. It astronomical regulators in different features such as contacts, history, member/business began with a Friday evening presentation on Robotics, by his shop, showing his design profiles, calendar, meeting reports, digital newsletter, and Mark Rosheim, at the Hopkins High School auditorium. He concepts and equipment setup horological links to other sites. Plan to visit the site toward shared interesting design information on making robotic for gear cutting. the end of the year. joints and providing more human-like movements using drawings from Leonardo da Vinci. Door prizes were provided for everyone by a number of The speaker at the May meeting of HSNY was Lance Maxwell clock and watch part suppliers. Saturday events finished from Rolex, USA. He showed a film explaining how the Rolex Saturday’s session began with Diann with a silent auction being held. brand is perceived and marketed throughout the world. He Clendening, right, from St. Paul, offered interesting insight into a brand that was founded who talked about the four stages Sunday’s class, by Richard Cox, started with slides of his by Hans Wilsdorf, and has become very successful and of beveling glass: grinding, leveling, new shop, tools, and equipment, and methods he uses maintains high standards on every level. The June meeting corking, and polishing. She then to repair great wheels was held on June 3 and covered the “History of the HSNY.” It went on to explain repairing chipped and pinions. This was contained both slides and books. On view was the Uhrmacher and broken glass with adhesive followed with a numeral- Verein New York, a pictorial index redone from the original; and replacing glass in leaded-glass filling and dial-silvering the Ledger Book of the NY Watchmakers Society from 1919- windows. It’s very helpful to know demonstration (right). 1929; and song sheets from SMOKERS showing lyrics sung at someone who can do this kind of Susan Wood then led events. The program was a valuable and interesting history work for clock repairs. a hands-on activity lesson from HSNY, which itself was founded in 1866 and Above right: crystal fitted with numeral filling and claims to be the first watchmakers’ guild in America. to the case and polished to a high luster. silvering on brass. Far right: Intricately cut piece with pat- Contact: Ed Hydeman, President, for information on terns and sculpting to show what is pos- upcoming meetings or how to join at [email protected] sible with various grinding stones.

Thomas Chase and Doug Thompson explained the history from 19th century to the present as well as the performance of coaxial , which were developed by Charles Fasoldt and later enhanced by A W C I M E MBE R B E N EFIT George Daniels. Chase and Thompson then distributed Omega catalogues and shared a number of Omega Seamaster Pro watches so we could view the production coaxial escapements. Class attendees (l-r) seated: Andy Baron, Susan Wood, Stew Le- Wes Cutter and Susan Wood demonstrated the MicroSet Lievre, Greg Booth, and Fred Fischer. Standing: Dean Ziegenbein, Jeff Pomeroy, Harry Granzo, Bob Brending, Garth Antila, Mark a unique timepiece magazineÊ Precision Timer, showing many attachments and how Purdy, Wes Cutter, Richard Cox, and Richard Zielike. to use them for clocks and watches as well as computer software to track beats of the movement to identify FUTURE MCG MEETINGS: 3Êyrs/onlyÊ$30 problems. July 13, 2013 - (Saturday) Visit to J.B. Hudson Jewelers Ê (6 issues) August 1, 2013 – “Paint Stabilization and Restoration” by Maria AWCI Members Save $10! Joyce Paxton guided us through the process of developing Rizkalla from the Minneapolis Institute of Art. Regular Subscription Rate $40. a plan of where we want to go for the future of our groups. September 5, 2013 – “Cutting Wooden Gears” by Terry Jones on www.watch-around.com X/Y machine designed by Bill Gable. Subscribers should visit Mark Rosheim discussed his research into Leonardo da www.watch-around,com Vinci’s programmable cart, sharing how he found the Mark Rosheim showing the shoulder joint action built into the robot to MCG OFFICERS: All payments must drawings and made a model of the cart to demonstrate give the realistic arm movement actions, and explaining his model of President: Richard Zielike-952-938-0681; [email protected] be made via da Vinci’s programmable cart and showing how it functions. Leonardo website. how the springs, cams, and gears worked together to da Vinci’s drawings of the programmable cart with cams, gears, and Treasurer: Garth Antila-715-386-3575; [email protected] guide and direct the movements. leaf springs to drive/guide its movement. Secretary: Dean Ziegenbein-952-322-4776; [email protected]

36 Horological Times June 2013 Horological Times June 2013 37 Henry Kessler, AWCI TreasureR awci news awci news

I would like to begin by sharing a Transitional Times for AWCI By our mid-year 2013 meeting, we still well. Clearly, our finances were moving little perspective. I joined AWCI did not know where we stood as of in the wrong direction in a significant around 2005, and shortly thereafter, From Financial Uncertainty to Long-Term Viability June 30, 2012, but the BOD had been way as compared to both years was selected to be the Chairman of working on a back-up plan. preceding fiscal 2012. the Industry Advisory Board, which of the organization. While hindsight is monthly The current BOD was committed, In order to preserve AWCI’s solid included the additional responsibility always 20/20, past boards, working withdrawal, from our start, to working cohesively. financial standing, immediate action AWCI’s Educational, Library, of working as a member of the closely with management, made the NAV A decision was made to quickly has been taken by our financial and Museum Trust (ELM Trust) AWCI Board of Directors. Frankly decisions that were unfortunately costly today would implement new management and consultants: several expenses have has been awarded $7,500 by speaking, from my naïve perspective, to the organization, and failed to reach certainly be learn where we stand. A Cincinnati been deferred, reduced, or eliminated the New Hampshire Charitable I believed AWCI’s management ran reasonable objectives. With good greater than consultant was hired to investigate including $44,000 in annual meeting Foundation. This award is a the organization, and working as a intentions, we all made mistakes in the $9,000,000!) the needs of the organization, and was costs; potential employer retirement total pass-through grant. Every member of the BOD, was more or less past, and now we must learn from those The then tasked with the responsibility of contributions of approximately dollar donated is awarded in an honorary position. I was dead wrong, mistakes. trustees installing a highly skilled CFO, on a $20,000 annually were eliminated; equal shares to one student and quickly found myself overwhelmed. For a variety of reasons, it had have had temporary basis, together with a part- scheduled technology upgrades have at each REC school upon During my first board meeting, I was seemingly become acceptable to both to resist time bookkeeper, in order to investigate been delayed or reduced; and all the recommendation of the being tugged on from various factions board members and management persistent where we stand, and to quickly bring other expenses are continually being faculty. This year six qualifying of the board. There were more than a to always be late, while attempting pressure our records current, and to keep them monitored, reviewed, and questioned. students earned the grant in the few board members that were firmly to generate easy-to-understand from management and various board this way. At the same time, the decision This type of ongoing financial scrutiny amount of $1,250 per student. convinced management was doing accounting data. One of the issues members to access that fund for was made to start afresh with a new is something AWCI has needed for The source of this award is the a poor job, and should be replaced. may have been the simple fact that our various purposes over this same five- lawyer and new, highly qualified auditor. quite some time. In discussions with Harold J. Greenwood and Marie There was very serious talk of moving fiscal year-end is (currently) June 30, year period, while fortunately growing The auditor’s report* and financial our auditor, we have confirmed that the Borneman Greenwood Memorial the organization to a management while membership dues are collected the fund's value—all­ while paying results for the fiscal year ended June existing financial reporting system was Fund. The donors owned a company’s control. Another meeting on a calendar year basis, and often out a steady stream of revenue to 30, 2012, support the board’s decision not functioning at an effective level to jewelry business and left funds seemed focused upon the termination prorated depending upon when they the Institute. This steady stream of to take immediate action. The audit was produce timely, accurate, and reliable in their estate to help qualifying of AWCI’s Operations Manager/in- are received. Another issue was that income to AWCI also worked against delayed by months due to incomplete financial information for management watchmaking students. house CPA. Then there was the issue our annual convention, one of our most AWCI’s possibility of success. In fact, information. Also, we realized that and the board. While we can’t expect of declining membership, and concerns costly projects, would generally take in the past, little attention was focused management improperly accounted to turn the ship around overnight, our OSUIT Student Jan Knisley Wins about AWCI’s financial viability. All of place in August, with revenues and upon developing projects capable of for revenue as earned, instead of as actions have already had a significant AWCI ELM Trust Scholarship these issues were serious, and facts expenses related to the convention breaking even; generating a net income received. This exception to professional positive impact on the long-term were hard to come by. occurring in two different years. Add was never even a part of the overall accounting standards is clearly noted financial viability of the organization From my start, I decided to help to this a reduction in revenue due to management philosophy. Making in the auditor’s report accompanying and have put us on a far better where I could, while delving into the declining membership and the stock matters worse, if the BOD worked AWCI’s financial statements, and this trajectory. issues and doing my best to wrap my market crash, which yielded a reduction in opposition to management, all deficiency with respect to accounting In closing, I would like to again mind around each subject. At the same in staff, and you can imagine there management seemingly needed to do standards is particularly problematic mention that these are transitional time, it was unfortunately necessary to could be some difficulties to manage. was wait for the next transition in board as the BOD is trying to make strategic times, and there remains much learn how to accomplish a variety of Finally and unfortunately, a growing membership. There was also the belief decisions concerning allocating the work to be done. We would like to objectives, while working with opposing portion of membership wrongly holds that any big mistakes could always Institute’s resources. In other words, encourage members to offer their facets of the board and management. AWCI responsible for the global be corrected by raiding the “Golden without knowing where you stand assistance and creative thought. Jason Champion, CW21, Faculty; Jan Knisley, student scholarship recipient; Jason Ziegen- To make matters more complicated, reduction of access to spare parts. Goose” Perpetuation Fund. financially, you simply can’t develop One of our key priorities is to better bein, CW21, Faculty, School of Watchmak- every year there is a transition of With regard to the Perpetuation To answer the question, where are viable plans or budgets! understand the wants and needs ing, Oklahoma State University Institute of board members, with some leaving Fund, according to a recent report by we today, I must first reflect back For fiscal year-end June 30, 2012, of our members, perhaps via a Technology as their terms expire, some that quit Jack Kurdzionak, we started working on the period prior to our Denver the total reduction of net assets was questionnaire. We could certainly for a variety of reasons, and new with the Johnson firm on the first day Convention. A few weeks prior to the $396,000, which is far more substantial benefit from additional success stories, members that join the board. IMHO, of 2008. The value of the fund on that convention, our Operations Manager/ than the $160,000 loss as indicated and we would love to see letters Students! Get published by AWCI the routine turnover of board members, date was approximately $6,540,000. CPA reported to the BOD that by management in their last round of from members acknowledging how in HT’s new Student Notebook. combined with the blessings and curse The fund has paid over to the Institute budgeted expenses and revenues reporting ($322,000 from operations; they have benefitted from AWCI Do you have a special project? of our huge Perpetuation Fund, work approximately $30,000 per month yielded an unexpected shortfall (loss) $74,000 debt extinguishment). This is training and certification programs or We’d love to publish it! Send a query to against the possibilities for progressive since the beginning of 2008, totaling of approximately $60,000. While en compared to an increase in net assets communications with our staff. Jordan Ficklin at [email protected]. progress. almost $1,900,000. In light of the route to the convention, we learned this of $528,000 in the prior fiscal year. As Thank you for your ongoing Include information about yourself, a Please allow me to explain further. stock market crash and its subsequent loss was reported to have increased compared to the prior year, revenues membership. This is your organization; description of your student project, your The BOD is responsible for protecting recovery, the Net Asset Value of the by $100,000. This was followed by a were down, expenses were up, and our I encourage you to become more educational experience, and a photo or the interests of membership, while Perpetuation Fund today is more than regular routine of promises of finalizing investments showed a minor loss as involved in our success story. illustration. No matter how big or small deciding upon the various objectives $6,800,000. (If we had not made the the data for our auditors in two weeks. * http://www.awci.com/about-us/governing-documents/financial-documents/ the project, we want to hear from you!

38 Horological Times June 2013 Horological Times June 2013 39 industryclassified news ads classified ads for sale wanted to buy help wanted help wanted tradesmen services $$WANTED ANYTHING$$ Service/Sales of Timing and Cleaning Machines Order On Line 24/7 Rolex - Cartier - Patek - Breitling- Panerai - Le Coultre Vibrograf, L&R, and Watchmaster ATTENTION RETIRED WATCHMAKERS Vacheron - AP - Etc. Over 15 years experience Call us before you sell your parts, tools, and watches. We have We inventory 1000’s Watches, Boxes, Dials, Links, Parts, Bands, Movements, Crystals, Quick repairs & reasonable prices helped over 200 watchmakers in the last 15 years to dispose of of keys, , their accumulations. When you’re really ready to sell, we’re dials, hands, bezels & Bezels, Crowns, Clocks, Signs, Posters, Catalogs, Instruction www.timemachinerepair.com dial pans, chime rods Books, Polish Cloths, Wallets, Hats, Shirts, Promo Items, Dale Sutton 609-374-5880 or [email protected] ready to buy! 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40 Horological Times June 2013 Horological Times June 2013 41 Jack Kurdzionak Member Perspective awci directory ADVERTISERS’ INDEX BOARD OF DIRECTORS Borel & Co., Jules When Johnson took over the fund, (816) 421-6110 inside front cover Officers Fellows A Synopsis of the Perpetuation Fund Story the corpus of the fund had declined Manuel Yazijian, CMW21: President *Robert F. Bishop Butterworth Clocks, Inc. [email protected] *James H. Broughton to a NAV of $6,543,492 on January (563) 263-6759 25 Wes Grau, CMW21: Vice President Fred S. Burckhardt bonds (not government guaranteed) 1, 2008. The Trustees stayed the Many years ago, AWCI was the Bergeon Affiliate Chapter Director alice B. Carpenter custodian of a valuable collection of to increase the income stream. By course with Johnson so that the NAV [email protected] David A. Christianson 41 32 833 6000 27 Henry Kessler: Treasurer *George Daniels watches. The founder of the Packard this time the trustees were becoming was $6,805,452 as of May 31, 2013. Cas-Ker Co. [email protected] Wes Door automobile company donated them to concerned as the NAV of the fund Cumulative monthly withdrawals from (513) 674-7700 29 Terry Kurdzionak: Secretary Jerry Faier one of our predecessor organizations. had declined due to the decrease in the Fund during this time period have [email protected] *Henry B. Fried Clocks Magazine *Josephine F. Hagans Sometime in the late 1980s, the Board current market value of our Ginny Mae been $1,882,625. 011 44 131 331 3200 35 Acting Past President *Orville R. Hagans of Directors (BOD) decided to liquidate holdings. On paper, if the bonds were We pay the Johnson firm an annual Global Battery Buyers Dennis Warner: President *Ewell D. Hartman the collection, generating about $7.1 held to maturity they would have been fee based upon the size of our fund (855) 243-8724 15 *Harold J. Herman Directors J.M. Huckabee million, which they invested. worth about $7.5 million or so, but their with a 10% courtesy discount from their Greiner Vibrograf Tom Nesbit, CW21 *Gerald G. Jaeger Originally, all of our investments were actual NAV at the end of 2007 was standard rates (available to nonprofit greinervibrograf.ch 9 [email protected] Jack Kurdzionak in U.S. Treasury securities (bills, notes, $6.54 million. organizations). Our liaison with the firm Livesay’s, Inc. Fred White, CMW21 *Benjamin Matz (813) 229-2715 23 [email protected] *Robert A. Nelson and bonds). These are actually all the Several trustees were also concerned has been and still is Dale Coates. Magnum Power Products, Inc. Michal Blaszczyk, CW21 *Hamilton E. Pease same instruments but have different about our firm, which was a brokerage The Trustees have strongly resisted [email protected] archie B. Perkins (480) 205-2193 24 names depending upon the time to house with no one on staff who held numerous attempts by the past ED and Ron Landberg, CW21 antoine Simonin Microbattery.com. [email protected] William O. Smith, Jr. maturity. Fixed-interest securities qualifications as an investment adviser. some directors to access the principal. (800) 680-2355 12 Jordan Ficklin, CW21 Milton C. Stevens follow the inverse bond rule. In a period Bonds are not sold on the open-bid AWCI has never accessed the principal [email protected] *Marvin E. Whitney Renata of rate decline, the value of already market as stocks are, but are generally of the fund. At one time, the Trustees Justin Shiver, CW21 *Deceased (800) 527-0719 back cover [email protected] issued securities increases, as they held by brokerage houses and sold at a did pledge a portion of the fund as Jason Ziegenbein, CW21, REC Director Richemont North America American Watchmakers- generally carry a higher coupon rate profit from their inventory. The trustees collateral to secure a loan. The value richemont.com 10 & 34 [email protected] than those currently being issued. were never advised of this hidden cost. of the collateral account for the loan Terry Kurdzionak, IAB Director Clockmakers Institute Watch Around [email protected] 701 Enterprise Dr. When treasury security interest The Perpetuation Fund Trustees, was $1,506,494 as of November 30, watch-around.com 37 David Douglas, CW21 Harrison, OH 45030 rates declined in the early 2000s, around the year 2007, decided to use 2011. The collateral account was closed Wm. S. McCaw Company Ph: 866-FOR-AWCI • 513-367-9800 [email protected] Fax: 513-367-1414 AWCI’s management wished to a new fund advisor. In the summer and securities transferred back into the (800) 537-0343 25 [email protected] • www.awci.com receive an increased income yield from of 2007, the trustees interviewed six main portfolio during December of 2011. Witschi Electronic Ltd. the fund and engaged a brokerage firms to choose one to handle the fund. The Trustees now number five. In 011 32 352 05 00 16 firm to manage the fund. This firm Several gave excellent presentations. the past, the ED was the sixth voting convinced the PF trustees to exit The trustees, after several conference member of the fund. A recent bylaw WE THANK THE IAB treasury securities and purchase calls, chose the Johnson Investment change removed that provision. The AWCI would like to thank our Industry Advisory Board members for their ongoing support of the Institute and the industry. government guaranteed Ginny Mae Counsel to manage the account. They Trustees consist of the President and securities, which were revenue bonds are the largest in Ohio and specialize Treasurer of AWCI plus three Trustees based on mortgages. They were still in managing funds such as ours. who are past officers of the Institute. PTRC Inc. guaranteed, but had much longer Since they took over on January 1, A majority of the Trustees must vote maturities. We sold our relatively 2008, we have had a steady income affirmatively for any fund activity.t SWISS WATCH high-interest-rate securities for the stream each month, and they have Editorial material and letters of opinion SERVICE GROUP, capital gains and swapped them out managed to preserve the value of are invited and reflect the opinions INC. for similar interest-rate, longer-term the fund throughout the tumultuous of the authors only and do not SWISStime care, Inc. bonds. The Fund bought these bonds financial period of the past several represent the views of the American Phone: 800-541-5494 Fax: 800-341-8373 from our brokerage firm’s inventory years. Johnson advised formulating a Watchmakers-Clockmakers Institute www.crtime.com (AWCI), its directors, officers or and managed to continue its income spending policy for the fund’s income employees. AWCI reserves the right stream, but the downside was the that the Trustees agreed to be no more to edit all submitted materials and maturities were out decades, which than a 5.5% annual withdrawal from the is under no obligation to accept any increased our market risk that could be fund payable in monthly installments. submitted materials for publication. caused by changes in the interest-rate The trustees did have to change the The appearance, reference, or Electra Steam advertisement of any product or Phone: 800-541-5494 market. After a couple of years, our investment policy from having only service in this publication shall not Fax: 800-341-8373 income stream continued to decline, U.S. securities to investment-grade be deemed an endorsement of such www.crtime.com and the maturity dates were out as publicly traded securities. Otherwise products or services or methods far as they could go. The brokerage there would be little or no income by AWCI, its directors, officers, or firm then recommended Freddie Mac from this fund as government bonds employees. and Fannie Mae mortgage derivative now carry very low coupon rates. Movado Group Inc.

42 Horological Times June 2013 Horological Times June 2013 43 Phone: 800-541-5494 Fax: 800-341-8373 www.crtime.com

Phone: 800-541-5494 Fax: 800-341-8373 www.crtime.com

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