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Signal amp
Bingo! Not wild guesses at all... It's a magnetic amplifier. The core is magnetised to half its saturation level by a winding carrying DC. The speed pot sends DC through another winding, the feedback circuit sends DC through a third with opposite polarity, so the steady flux level represents the difference between the two. The degree of saturation controls the power transfer from the AC energising circuit to the rectifier, which produces a DC output to excite the servo-generator, which in turn controls the main generator field and hence the output fed to the spindle motor. 7 hp of stabilised speed control without a thyristor or transistor in sight.
Lucien
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