Re: Weird 'thing'...
What a lovely 'thing' - whatever it's for! It would be great to polish the case up and have it mounted in an obvious place on the wall of your house, then if a visitor asked about it you could sternly say something like "Whatever you do, don't touch that!!!!"
As to what it's for - are the cams adjustable separately on the spindle (so they activate the switches at different points in the shaft's rotation?).
If so, I wonder if it could be some sort of manual traffic-light controller? I remember something vaguely similar at the entrance/exit to the weighbridge/loading-yard at an old station. 110V was quite common in rail applications until recently (still is, I believe, on London Underground).
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