Balance wheel moves freely but movement  not works

Hamilton Watch Co.

Grade: 940

Private Label(s) in Run:

JACCARD'S KANSAS CITY

What is a Private Label?
Manufacturer:Hamilton
Manufacturer Location:Lancaster, Pennsylvania
Movement Serial Number:525396
Grade:940
Model:1
Estimated Production Year:1906
Run Quantity:7,000
Grade/Model Run:79 of 121
Grade/Model Total Production:210,596
Size:18s
Jewels:21j
Jewel Material:Ruby
Jewel Setting:Screw-Set
Movement Configuration:Openface
Movement Finish:Nickel
Finish Pattern:Damaskeened
Movement Signing Style:Serif (Decorative)
Movement Inlay Color:Gilt
Movement Setting:Lever
Plate:Full Plate
Double Roller:Yes
Barrel:Going
Regulator:Micrometer
Hairspring:Breguet
Standard Dial Type:Double-Sunk
Adjusted:Yes
Adjusted to Position:Yes
Adjusted # of Positions:5
Adjusted to Temperature:Yes
Adjusted to Isochronism:Yes
Railroad Grade:Yes
Railroad Grade Classification:Class A
Dial Feet Locations:2.6, 18.0, 38.2
U.S. Patents:832672427072
Movement Markings:Hamilton Watch Co.
Lancaster. Pa.
940
21 Jewels
Safety Pinion
Adjusted
Case:Various
Run ID:1007.940G79.18S556.181M339.O589.L633.21J265
Data Research:1953 Hamilton Serial List
Database Version:v52.296