History: This watch is the 5th of the first series of the 20 very first watches made by Breguet with jumping hour and the celebrated overhanging ruby cylinder escapement; it was the 3rd to be sold, the first two were never sold, being recorded on 23 October 1810 as "perdue ou egarce " (lost). Exhibition: This watch was still the property of the Holzinger family when it was exhibited in Paris at the Palais Galliera, in October 1923, on the centenary of the death of Abrahm Louis Breguet, No. 75 of the catalogue. Jean-Conrad, Baron Hottinguer, (b. 1764 - d. 1841), was a banker and friend of Abraham-Louis Breguet, originally from Zurich, Switzerland. He began his career in Paris as a teller with Lecouteleux, well before the revolution, opening his own banking business in 1786, and the first Insurance Company in France in 1787. Wisely returning to Switzerland under the terror, he passed some time in London where he married the daughter of the wealthy Redwood family, planters from New England. After some years in America during which he met Prince Talleyrand, amongst the most famous men of the whole Revolutionary era, he returned to Paris in 1796, and announced the re-establishment of a new banking house under the old title Hottinguer et Cie, in May 1798. Expansion of the business was rapid, with a bank opening in Le Havre in 1802 and another soon afterwards in Marseille. Hottinguer was amongst the 200 largest shareholders in the newly formed Banque de France, and became Governor of the same in 1803. He was appointed a judge at the Tribunal de Commerce in 1806, and a member of the Chambre de Commerce in 1810 as well as a representative for la Seine to the Parliament of One Hundred Days. The records of the Breguet firm list more than 26 clocks and watches either bought by him or given to him by Breguet. Seven generations of the family have, without a break, served on the board of Hottinguer & Cie., which continues today as one of the leading private merchant banks. Significant dates in the early history of the Bank: 1786 The name Hottinguer appears in the Royal Almanac under the heading Bankers for Trade and Settlements in all countries. 1787 First Royal hnsurance Company founded by J.-C. Hottinguer. 1803 J.-C. Hottinguer appointed Governor of the Bank of France. 1811 Organisation by the bank of the transport of American Cotton to France. 1815 Launch of a whaling fleet to the Southern Atlantic. 1816 Introduction of Maritime Insurance. 1818 Organisation of a Savings Bank in Paris, in partnership with Benjamin Delessert. 1852 Participation in the creation of the first Paris-Lyon rail network, followed by the P.1..M., and the Northern lines. Established the General Water Company.