OK folks. It looks like one of the gadgets sold for sharpening wood saws. I have seen something similar, but woodworking isn't my cup of tea. The round bobbin goodie, which is double ended, is pressed by the knurled screw on the side to hold the saw blade with the teeth pointing upwards. The base was normally cast iron so it it doesn't tend to move around on the bench. The slot is wider than a handsaw because it could also be used for tenon saws which have the thicker spine of a folded over piece of channel section crimped onto the blade. I wonder if there is a makers name somewhere to confirm this ?