Old...antique...and beautiful!  Authentic Russell pocket knife with great patina.  Based on the tang stamp I would date this to 1934-1941.  Cigar shape.
 
Missing one blade as seen in multiple pictures.  The real bone handles have no cracks...a few small chips.  Absolutely no wobble on the two blades.  Snap left on main blade but not smaller.  Overall signs of age on blades and handle which which makes it look great patina wise.   SEE PICTURES.
 
3 1/4" long when closed.
 
Location E2