The Flyer 12B was in production a long time and all the catalogs I've looked at show an On-Off switch and a Reset button. None of the catalogs from 1938 to 1951 mention a reverse switch BUT the 1952 description says it comes with a reverse switch. Looking on Ebay I've seen 12B transformers that definitely have a factory installed reverse switch on the upper right corner of the case. Does the reverse switch have an effect on only 1 throttle, or does it cut power to both the throttles or all the taps including the fixed voltage taps?
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