Swiss 1st quality repeating watch with chronograph Circa 1894

Gold open faced pocket watch by Golay-Leresche & fils
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A very fine Swiss 18 carat gold open faced minute repeating first quality pocket watch with chronograph, circa 1894. Sold to American railroad pioneer Jno. B. Parsons.
The polished case with an inlaid enamel monogram, a chronograph pusher via the pendant and a slide for the repeating mechanism. White enamel dial with black Arabic hours, an outer minute and fifth of a second track, red Arabic five minute numerals, auxiliary seconds at 6 o’clock, a 30 minute counter at 12, gold spade hands and a central chronograph hand.
Rhodium plated bridge movement, an ébauche by Louis Elysée Piguet, with Geneva striping decoration, very finely ground and bevelled steel chronograph parts, a ratchet wheel, two hammers, two gongs, adjusted, 34 jewels, wolf’s teeth winding wheels, a gold screw compensation balance, an index spring fine adjusting device and counterpoised lever. The cuvette is signed Golay-Leresche & fils – Golay Fils & Stahl Srs. Genève 2 Rue de la Paix Paris Jno. B. Parsons.
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Diameter: 48 mm
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Weight: 84 g
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Signed: Golay-Leresche & fils 
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Golay Fils & Stahl. In 1895, David Auguste Golay died in Geneva and his sons David Louis Golay and Joseph Pierre Golay took over the company. Louis became a jeweller and representative of the A. Golay-Leresche company in Paris at 2 Rue de la Paix. Pierre became a watchmaker and later managed the company in Geneva. The brothers partnered with Edouard Stahl in 1896. Between 1896 and 1906 the company was renamed Golay Fils & Stahl and later Golay Fils & Stahl Successors. In addition to the well-known companies Patek Philippe and Vacheron & Constantin, they also manufactured extremely fine Geneva pocket watches. Their extremely fine gold and enamel timepieces are highly traded today. Alongside Patek Philippe, Golay was one of the few Geneva-based manufacturers of these special watches to feature Geneva signatures.