This very unusual reel is one of the early 1950s variants of spinning reels, before the got all of the kinks worked out. It was made by the Ohio Tool
Old, Weird, Historical, and Unusual Spinning Reels -- - Page 6
Sold at Auction: Vintage Ashaway slip cast reel, EC
VINTAGE ASHAWAY SLIP Cast Fishing Reel - Clevleland Ohio Tool
Ashaway Slip Cast Fishing Reel
ASHAWAY Spinning Slip Cast Fishing Reel Works collectible w/ Use
Vintage Ashaway Slip Cast Reel Spare Spools Spinning Fishing 4
Old, Weird, Historical, and Unusual Spinning Reels -- - Page 6
pflueger Archives - Fin & Flame
Junk or Gold? Fishing with Antique 1940's Spinning Reel
Surf Fishing Reels
ASHAWAY Spinning Slip Cast Fishing Reel Works collectible w/ Use