... And, sure enough, 20 minutes of careful polishing accomplished this..
A careful wind of the mainspring (feels solid and free-moving - click is working well). And....
Having inspected the main bridge and centre wheel.. I've found out where that little pinion gear referenced in part 3 lives..
We'll start, as with most watches, with the barrel which houses the mainspring and the associated "click" mechanism (the ratchet that stops the barrel and mainspring from un-winding under tension and the thing that you hear when you wind a watch). Here are the components for this part of the build..
The hairspring is by far the most sensitive watch part. This one looks very dirty but it has a good spiral shape to it, with no parts of that spiral touching other parts of it (which is a common cause of "fast running"). The Waltham spring also has a "Breguet Overcoil" design. This is a specific hairspring design invented by Abraham-Louis Breguet (important watch dude) waaaaay back in the 1700's and, essentially, allows for better performance of the hairspring through varying mainspring tensions (watches tend to slow down as a mainspring loses power and go faster when it is fully wound).
I'm going to clean this movement using my ultra-sonic cleaner and, to do that, I like to mount the balance and hairspring in the main plate to keep it safe during cleaning..
As a watchmaker, one thing that you will certainly accumulate in time is PARTS. They come from watches that never got repaired, over-ordering when you only need one of something and a seller will only sell you 10 and, frankly.....Well, I don't know where many of them come from... but come they do. Here's a sneaky peak at ONE of my many "parts drawers"..