Good old pocket knife from an estate sale out of Newark Ohio.
 
ULSTER KNIFE CO. pocket knife.  Double blade.  Made in the USA.  Model 81 as marked.  I think this was made in the very early 1960's.  Older carbon steel and not stainless steel.
 
Beautiful JIGGED handle material.  SEE PICTURES.
 
No chips in the blades.  No cracks or chips in the JIGGED BONE handle.  Both blades open as they should.  No snap left.  One blade doesnt seat perfectly.  SEE PICTURES.
 
2 3/4" long when closed.
 
Location E2