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It's a radial arm saw.
Basically the precursor of a modern chop saw, they were sold in the 50s as a single item workshop. It can also be used for ripping (not that you'd ever want to) amongst other things. Some people swear by them but I personally don't like them, they can however be useful if you build them into a bench for cutting repeated set lengths at 90 degrees.
This video explains some of their pros and cons better than I can:
Personally I'd buy a cheap chop saw and spend the time setting it up and buy a really good blade for it (Freud are my preference).
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Ah, I know it's a radial arm saw. I was just wondering what year/model it is as I might as well spend the time before I get my hands on it finding manuals etc. I'm aware of the pros and cons of it.
This will be set up on a long table for crosscuts and making dado cuts on some products I'm doing, so no silly attempts at ripping or similar.
I have a small compound mitre saw for jobs outside the shop, which will probably do 90% of the work, but I think this will be good for increasing productivity on a few select tasks.
Wanted some kind of circular/chop/mitre saw for my new workshop. This popped up at a very good price. Just need to figure out transport and find out exactly what model it is.