I think Ian is suggesting that the thread on the left is one of the three heads from a rolling machine but looks a bit big to me, it would help to know the sizes
I wonder if its some form of preset tool holder. Cutting tip goes under the clamp and is held by the button head screw much like todays insert tooling. Part on the left is set to give a fixed length so when tooling is changed an some form of capstan/repetition machine its the same length and the large thread at the end goes into the tooling much like a screw thread on a milling cutter goes into an autolock.
Edited By JasonB on 11/02/2015 10:21:35