A whatsit

[Boatman53]

Got this awhile ago when I was cleaning out a basement and have no idea what it does. I'm thinking something for leather work but that is just a guess. I'm curious what everyone here thinks.

<img src="http://i1135.photobucket.com/albums/m628/boatman53/fe9ceea552c9cd4382269f41f0181b47_zpsb3405a86.jpg" border="0" alt=" photo fe9ceea552c9cd4382269f41f0181b47_zpsb3405a86.jpg"/>

The initials are 'W&E'
<img src="http://i1135.photobucket.com/albums/m628/boatman53/7ffdf5d3082018a004ff43ed681b5087_zpsb812e393.jpg" border="0" alt=" photo 7ffdf5d3082018a004ff43ed681b5087_zpsb812e393.jpg"/>

<img src="http://i1135.photobucket.com/albums/m628/boatman53/630157a29ab260c5e948be10e37e80e8_zps5132424f.jpg" border="0" alt=" photo 630157a29ab260c5e948be10e37e80e8_zps5132424f.jpg"/>

The blade with the cutting edge is uppermost in these two photos.
<img src="http://i1135.photobucket.com/albums/m628/boatman53/IMG_2055_zpsfbxbzy1w.jpg" border="0" alt=" photo IMG_2055_zpsfbxbzy1w.jpg"/>

<img src="http://i1135.photobucket.com/albums/m628/boatman53/IMG_2056_zpszl0cor2v.jpg" border="0" alt=" photo IMG_2056_zpszl0cor2v.jpg"/>

Paging Mr Axehandle!
Jim

[Herb G]

Looks like a really old window screen spline cutter to me.

It's definitely not for leatherwork.

[Dave Ring]

A lefthanded can opener?

A sheet metal nibbler?

[hbmcc]

Spaghetti pasta maker.

[JimReed@Tallahassee]

Mr Google says that W&E sales company has made automotive hand tools and fasteners for over 70 years. Perhaps this tool is made for stripping out auto window gaskets.

[AHill]

Looks like an adjustable trimming tool / cutter for leather, rugs, or upholstery.  Perhaps used in the auto interior trim shops.