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Ingersoll Stropper

I asked this question in the DE forum and got no response, but I have come into possession of a double edge blade strops The Ingersoll Dollar Stropper it looks like it is in good condition can anyone tell me anything about this thing
 
The one I have is in the original box the leather is in good shape but there are no instructions so link is very helpful, I inspect bridges as an occupation so I will not get home till thanksgiving will try to get some pictures up when I get to the homestead thanks for the information at least now that I know how it works
 
I found a thread on another forum with instruction(picture) and it seems both bars should be above the leather.
 
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