Hammered Aluminum String Holder Spool Holder, Line Cutter

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Unusual hammered aluminum container mounted on a marble piece that I assume is meant to function as string holder or fishing line spool holder and cutter.     Maybe for fishing line.    The are two knobs on the top that squeeze together to shut the blade closed behind the two holes on top.    However I am baffled as to why there would be two holes and I am not sure that this is it's true purpose. 

The condition is as shown.  A bit rusty and inefficient.  In order to refill it one must completely unscrew it from the base.   

Item Details

Reference #:
10781
Quantity
1
Category
Misc
SubCategory
Department
Antiques (approx100yrs)
Year
estate item
Dimensions
(Width x Height X Depth)
x x
Weight
3.00
Condition
rustic
Material
aluminum/ marble