This is a Millers Falls #2 "eggbeater" drill, probably made sometime during WWII or just after, due to its domestic hardwood handles and chuck design. It's not exactly a collectible, especially due to the owner's initials etched into two spots, but it does at least have its original eight fluted bits stowed in the handle.
This type has dual pinions, which George Langford poo-poos as an inferior later design "feature," in part because it takes more energy to crank than the previous (admittedly ingenious) design, which I'll probably snarf up sometime, too. Aside from the fact that I am a Veritable He-Man[tm] who cares not about trifling expenditures of energy, there may be some merit to that claim, because my example's rear pinion was chatty and clearly annoyed upon arrival. However, one drop of oil fixed this problem, making my #2 into the easiest-turning hand drill I've ever used.
It's been called "the finest hand drill ever made." I can't argue.
I have some other new acquisitions, they'll have to wait for another day to get their spotlight in the blog, though.