German silver historically interesting lever watch Circa 1875

Silver early gentlemen’s watch
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A historically interesting, early silver open faced Glashütte pocket watch made by Heinrich Woldemar Schneider, circa 1860-1890. The 2/3 plate movement with a piston tooth lever escapement and screw compensation balance. White enamel dial with Roman hour numerals, an outer minute track and spade hands. An elaborate guilloché case with a gold bow and reeded band. A further engine turned cuvette with a vacant cartouche. Case numbered.
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Diameter: 46 mm
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Weight: 77 g
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Signed: No name
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This timepiece is the work of Adolf Schneider’s watch factory from the 1850s, which was only switched on by the son and main heir, Heinrich Woldemar Schneider, in the late 1880s.
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Heinrich Woldemar’s financial situation was precarious as a result of the payment of his four siblings, who also had an equal claim to the inheritance. He was unable to meet his financial obligations, which led to bankruptcy proceedings in 1893.