https://pocketwatchdatabase.com/search/result/waltham/3965464
Interestingly, the pocketwatchdatabase.com site lists this handsome watch as
Non-Magnetic! The balance wheel (though the watch is running), appears to be non-ferrous mono-metallic, as opposed to the bi-metallic, temperature compensating type. These non-ferrous alloys were more stable during temperature change, but also had the advantage of being non-magnetic! Thereby, I suspect the hairspring is likewise also non-ferrous alloy. Circa 1898, early inter-urban trains that were electric, came into use. Thereby, watchmakers were beginning to pay attention to the problems of magnetized watches. This handsome example appears to be an early one. If I recall correctly, Elgin called their alloy
Elginium. Waltham called their alloy
Conium, and Hamilton used
Elinvar and later,
Elinvar Extra alloys. Also note this watch is
14-size which is a size not often encountered. Very interesting watch!