Its a test or "tell-tale" indicator Paul, an ancestor of the dial test indicator it amplifies the movement of the tip by one or more levers rather than a gear. There is a rather complicated one here in Google Patents **LINK** and a simpler one in Wikipedia **LINK** .
There are quite a few on eBay, search Collectables for "test indicator -dial" and an undimensioned drawing and a description of a single lever tell-tale indicator in MEW 69 (November 2000).
Brian
(edit: remembered where I had seen the drawing)
Edited By Brian G on 07/11/2017 10:00:52