Despite not being adorned with the “Veritas” markings, the No. 240 B.W. Raymond was advertised under the “Veritas Model” product line. The No. 240 features 19 Jewels: 17 Jewels in standard configuration plus two on the jeweled safety barrel. Later generations of the “B.W. Raymond” in this model were upgraded to feature 21 Jewels.
Production of the No. 240 ended around 1914 as trends began moving toward smaller watches, especially for railroad service.