This steel and brass instrument is called a bow divider because the nut on the side may be tightened or loosened to hold the instrument at a desired width. This example is similar to one sold by Keuffel & Esser, although the top of the handle is different. There is no maker's mark.
Reference: Catalogue of Keuffel & Esser Co. , 33rd ed. (New York, 1909), 62.