Elgin National Watch Company 1936-1945 Report

From The American Horologist and Jeweler magazine, July, 1946

Elgin National Watch Company 1936-1945 Report

Elgin, Illinois. - Elgin National Watch Company spent almost 69 million dollars in the Elgin community in wages, salaries, a wards, employee benefits, taxes and philanthropy during the 1936-1945 decade.

This impressive sum, which would pay for the education of 40,000 Elgin children from their first grade through public high school, was obtained from records in the offices of John M. Biggins, secretary and treasurer of the watch manufacturing company.

An additional amount of $5,518,000 has been contributed by the watch company to its Employee Pension and Relief Funds, established respectively in 1918 and 1919.