Round dial Monarch Lathe. It has an US anchor stamp which seems to indicate it was owned by the Navy.
Comes with three and four jaw chucks. Has a quick change toolpost. Tailstock has a three jaw chuck.
Variable speed programmable electric control. The controller is currently programmed to start gradually, adjust speed with a dial, and stop very quickly. A large resister serves as a current sink to allow quick stopping of the induction motor.