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From the American Horology Archive:
Elgin National Watch Co.

Grade: 58

H.H. Taylor

Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: 239001 ?
Grade: 58 ?
Variation: Mixed ?
Model: 1 ?
Class: 3 ?
Estimated Production Year: 1873 ?
Run Quantity: 500 ?
Grade/Model Run: 13 of 29 ?
Grade/Model Total Production: 28,454 ?
Variant Est. Production: 13,874 (18S-M1) ?
Size: 18s ?
Jewels: 15j ?
Movement Configuration: Hunting ?
Movement Finish: Gilt ?
Movement Setting: Key ?
Wind Mechanism: Key ?
Plate: Full Plate ?
Barrel: Going ?
Train: Slow ?
Regulator: Plain ?
Adjusted: No ?
Railroad Grade: No ?
Case: Various ?
Run ID: 198.58G18.18S179.181M176.H197.K194.15J59 ?
Data Research: 1896 Elgin Serial List
1904 Elgin Serial List
1915 Elgin Serial List
1927/1950 Elgin Serial List
?
Database Version: v52.978 ?
Advanced Metrics
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Registry Population: Scoped for This Run Only: 12 (2.40%) ?
$ Estimated Value (12 Month Change): +1.13% Analyzing 328 Sales ?
Research Note: #239001: Verified as featuring intricate custom patterns on gilt finish with artistic ribbon engraved around the "Elgin Natl. Watch Co." marking [NAWCC].
#239004: Verified as featuring intricate custom patterns on gilt finish with artistic crest engraved around the "Elgin Natl. Watch Co." marking [NAWCC].
#239007: Verified as featuring intricate custom patterns on gilt finish with artistic ribbon engraved around the "Elgin Natl. Watch Co." marking and serial number [NAWCC].
#239148: Verified as Marked "H.H. Taylor"

Based on available data, it appears that the first 50-100 movements of this run were likely marked "Elgin Natl. Watch Co." while the rest were marked "H.H. Taylor."