That boat anchor is an original Dinasourious . . er . . . I mean Pstorious... before they started numbering versions and models. Sell it to an antique dealer.
The Hold down head is screwed up and down to adjust to the general height needed.... (the air will do the rest). This can also be moved back and forth to accommodate driving the pin behind, under, or leading the hold shoe. The foot pedal is to bring the hold foot down onto the moulding, which locks the driver, hold, and moulding in place.
The red button is the final trigger, the lever under it is the initializer... lift up on it to allow air to the trigger.... (safety measure that today is a duel button system set on each side and when you push them the flappers with bat the steel ball ba..... sorry, I guess that's pinball machines

)
The clamp, and driver are all connected and move as one back and forth.... very sophisticated system that...... with your left thumb and fore-finger.. gently push or pull on the upright of the clamp assembly. (in those days they understood that only an idiot or masochist would move that hand over to under the clamp and therefore "Pin" their own digit..... in these sue happy times, you have to make sure the two hands are used elsewhere to guarantee that the operator won't get pinned. The two clamp blocks on the right side are forward and back stops for the clamp/driver.
If you stick to using it on all that raw moulding stock and make closed corners.. it will be a good work horse. On snot-wood, crush-wood, vapor-wood . . . not so much.
I strongly suggest that you just pitch the moisture trap and get a new one.... cheap enough and then no worries about rust in the system. A trap/drier system would even be more better.
The white box is an after market and my guess would be that if you open it, you'll find a manifold splitter for the four air lines; and a first aid kit.

I do remember the water trap kind of getting knocked about a bit when it was mounted on the side of the green stand....
"Fluidic Logics?" Warren, you crack me up. Is that from Battle Star Gallactica? But it would be cool if it held the Flux Capacitor....
