A key-set movement is set using the same key that is used to wind the watch at the back. To set the watch, this key fits over a square hub in the center of the hands and so the hands are moved directly. It's an early and rather awkward arrangement, particularly on hunter cases where the very fragile front has to be opened to set the time.
This example is a named movement, "W. H. Ferry", 18 size, 7 jewels. Throughout its history Elgin named higher grade movements for founders and other individuals significant in the company's early history. W. H. Ferry was a director of the company from 1868 to 1874. He died in 1880.
This watch is in a silver hunter case, with the dial marked "National" and not Elgin. The National Watch Company was the name Elgin used during the first few years of production.
JS049
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