This movement was originally manufactured in 1917 by the Elgin National Watch Company just outside of Chicago. Elgin often used a depiction of Father Time in their logos and marketing, and the Father Time model was one of their most finely decorated movements. The Father Time model was made almost exclusively for use on the railroad.
This excellent condition piece features elaborately damascened, 3/4 style nickel plated bridges, a circular graining pattern on the main plate, 21 precision cut jewels, gold jewel settings, gold gilt lettering, gilt decoration on the balance cock, a Moseley regulator, adjustment to 5 positions, and adjustment for temperature.
The blued steel, extra heavy, whipped spade style hands point to very large, serifed Arabic numerals on the double sunken original enamel dial (several hairline cracks and a chip by the 9). This movement is one of 19,000 grade 388 watches ever made.