Arnold Laine, most likely the greatest commercial bass fisherman who ever worked the Cape Cod sands, had a device he invented that rumor has it, he made and had it patented. It never made it to the commercial market but a few were handed out over the years. It was for rigging eels and it was a wobble plate. What you have, and I have only seen one, may be it cause it looks like the one I saw. If it is in fact one, you have a little treasure. (He also made his own plugs which he called "Beaver cuttings", I have seen a few and would love to someday have one or two but the guy I know who has them won't give them up)
Arnold was a machinist by trade, which he went back to in later life. He worked until retirement at Starret Twist Drill in Athol, MA. so he would have had the tools to make these things. Nice find.
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