This has been a fun one to research. It is stamped E.C.C. KELLOGG and HARTFORD, CT. and PAT FEB 13, 66. There was so sign of it on Datamp, so I did a bit of digging on Google Patents and came up with patent #52,645, for a "Belt Fastener."
Belt Fastener???? What...?
Ah, for lacing together machinery flat belts. (takes me longer to grasp things these days) According to farmcollector.com, leather belts for old threshing machines and such would stretch quite readily, eventually getting to the point where they no longer had enough tension to run the drive pulley. The only solution was to cut the lacing, cut off some excess belt length, punch new holes, then re-lace the ends with leather thong. Hence the perceived need for Mr. Kellogg's invention. It has a folding knife blade, a leather hole punch, an awl on the end of one handle to enlarge the hole, and a "needle" on the other handle to thread the lacing. Marvelous.
A neat article about lacing flat belts on farmcollector.com. Link =
http://www.farmcollector.com/equipment/how-to-lace-a-flat-belt.aspx