I have a set of these. It is a bearing scraper, for smoothing poured lead babbit bearings. For instance, in the Ford Model A manual, after pouring new bearings for the crankshaft, install the crankshaft, rotate, noting the high spots in the babbit. Then scrape the babbit level so there is a 95% contact amount between the babbit and journal. Factory machines had some poured bearings too, before WWII. The edges should be filed flat, to give a good scraping surface.