This is a Webster Chicago wire recorder. It was manufactured sometime between 1945 and 1955.
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Wire recorders store audio by magnetizing a fine wire and storing it on a reel for playback. The wire moves by the heads at about 24 inches per second.
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This wire recorder was manufactured under license from the Armour Research Foundation.
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We haven't got around to turning it on yet, and we are considering encoding data into audio and eventually using a wire recorder to store pictures and other data.