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Founded as the National Watch Co in 1864 as the Civil War raged, Elgin was one of a handful of American factories to produce watches approved for railroad service. At the summit of their 16-size line was the Veritas, which is Latin for truth, and first offered to the public during World War I. Just 9,000 of them were made over a short span of five years, turned out in nine runs of a thousand each. This absolutely gorgeous example still has all of its original jeweling in gold settings, including the jeweled motor barrel, on exceptionally clean plates that have no noticeable tool slips and a full set of conical screws with no rust or corrosion anywhere. The #49 bold Arabic dial is flawless, double-sunk, and snowy white behind a set of blued heavy spade-and-poker hands. The Keystone 20-year gold-filled case appears original to the movement with no ghost marks and has no initials in the shield on the case back, with a French bow, a tight crown, and a new beveled glass crystal.