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Advertising rule - protractor - 
combination tool.
Price: $125.00 plus shipping.
MG&MT-15
Patent No. 1,690,832, granted to Ira J. Owen 
on November 6, 1928.
Graduated in inches and degrees.

Quoting from the patent:

The object of the invention is to provide such a tool, very 
flat and compact and to embrace in simple form, a paper cutter, a rule, straight edge, divider and protractors, the structure being especially well adapted for clipping coupons from bonds.

The body of the tool is impressed on one side with:

B&B Pat. 1,690,832 St.Paul Minn. U.S.A.

and on the other side with:

Liberty Tool & Gage Works, Providence, R.I.