Société Suisse des Spiraux

Société Suisse des Spiraux (SSS) is a balance spring factory created by major Swiss watch manufacturers to compete with the cartel known as Fabriques de Spiraux Réunies (FSR). The group succeeded in building a competitive factory in La Chaux-de-Fonds and producing springs for their own use, blunting the impact of the cartel.

Establishment

When the five largest makers of balance springs in Switzerland came together as a cartel to control the market in 1895 it was met with much controversy. The Fabriques de Spiraux Réunies (FSR) announced that they would immediately double the price of springs and would not allow any competition between member factories. They also bought out (or forced out of business) all other spring makers so watchmakers were forced to buy from a single central depot in Neuchâtel.

Fanned by incendiary articles in La Fédération Horlogère, a group of watchmakers immediately coalesced with the idea of creating a competing spring factory.

On July 28, 1898, the Société Suisse des Spiraux (SSS) was officially organized at an assembly of watchmakers. The group elected Louis-Constant Girard-Gallet of Girard-Perregaux as their first chairman, with Paul Ditisheim selected to serve as secretary. The organization was headquartered at Rue du Parc 8 in La Chaux-de-Fonds.

Timeline

• 1898
  • July 15 - The start of the SSS is officially back-dated to this day, with a lifespan of 25 years
  • July 28 - An assembly in La Chaux-de-Fonds officially ratifies the creation of Société Suisse des Spiraux (SSS); Louis-Constant Girard-Gallet is chairman and Paul Ditisheim is secretary
• 1901 - June 22 - Paul Ditisheim leaves the board of SSS with Albert Bourquin-Jaccard of Côte-au-Fees taking his place as secretary
• 1901 - March 14 - A new round of funding is raised, with existing shared devalued by 40% and 24,000 francs of new shares added
• 1920 - July 26 - The company is revised; the board of directors consists of Louis-Constant Girard-Gallet as president, Albert Bourquin-Jaccard as secretary, Emile Meyer, Ernest Goering, Charles Jeanneret, Ariste Châtelain, Louis Muller, Charles Picard, Hubert Rouge, and Adolphe Eugène Redard
• 1925 - July 6 - Eugène Golay is added as director
• 1930 - May 14 - At its general meeting the SSS is reorganized and the board expanded; Louis-Constant Girard-Gallet and Albert Bourquin-Jaccard remain chairman and secretary, respectively, while Louis Muller and Ernest Goering are made vice-presidents and Emile Meyer becomes secretary; the organization's offices are at Rue de la Montagne 5 in La Chaux-de-Fonds
• 1936 - June 11 and 13 - SSS officially becomes part of ASUAG and is reorganized; the new board members are Louis Berthoud, Paul-E. Brandt, Werner Brandt, and Sydney de Coulon; members Ariste Châtelain and Emile Moyer (both deceased) are removed
• 1938 - June 7 - The SSS is relocated to Geneva and the board is reconstructed: Louis-Constant Girard-Gallet remains chairman, Paul-E. Brandt is vice president, and Albert Bourquin-Jaccard remains secretary; members of the organization are Louis Muller, Louis Berthoud, Sydney de Coulon, Charles Jeanneret, Charles Picard, and Adolphe-Eugène Redard; Ernest Goering and Werner Brandt resigned, while Humbert Rouge and Eugène Golay have both died; the new office is Rue de la Coulouvrenière 40 in Geneva
• 1953 - June 9 - Fred Pfister is added to the board while Albert Bourquin-Jaccard, Louis Berthoud, and Alfred Pfister (all deceased) are removed
• 1955 - January 12 - The company decides to dissolve operations; the board is Paul Renggli as president, Henri Gerber as vice president, and Sydney de Coulon, Paul Baehni, and Fred Pfister, as liquidators, with Charles Gschwend representing the bank; Charles Picard has died
• 1956 - May 30 - The SSS is officially dissolved