This is a follow up comment on my earlier question about my watch that was running fast. I had many great answers, most directed toward the hairspring. As suggested, I demagnitized the watch and all the tools to be used in the repair. Then I removed the balance wheel, hairspring, and the plate holding the mechanism in the watch and soaked them in Naptha overnight. Then I reassembled the watch, wound it and let it run for 24 hours. A dramatic change had occurred. It gained, not three hours, but three minutes!
Thanks to all who gave me such good advise and helped put this watch back in service.
Bill in Augusta, Georgia, USA