Business & Finance: Electric Watch

Some 300 years ago one Daniel Jean-richard, blacksmith of the town of Le Locle in the canton of Neuchatel, Switzerland, turned from his horseshoeing to inspect an object in the hand of a friend. "Qu'est-ce que c'est que ça?" he inquired.

"Une montre," said M. Jeanrichard's friend.

The friend's montre was a clock no bigger than a large bun. He had bought it in Geneva, where the things were made. Now it was broken. Could M. Jeanrichard do anything about it? M. Jeanrichard could try. He took the watch apart, spent several weeks trying to...

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