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United States Indiana?

diggyboy

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I was digging at a 1950's dump today, and popped this out of the hole. The only writing on it reads "United States Indiana", and there are 2 small holes on either side of the disk with a red bulb in the middle. I have no clue what this could be and any help would be appreciated.
 

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My first inkling would be perhaps a Railroad related piece.... Really I have no clue....
 
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I dont know what it is but lots of auto parts produced in Indiana for a long time.What is that next to the red bulb?
 
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It's a piece of iron going through the disk. I think it might have been longer or been attached to something at some point.
 
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car part or part of medical device.....thanks gonna be up all night have to know what it is:)
 
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car part or part of medical device.....thanks gonna be up all night have to know what it is:)

Thanks for the help! Hopefully someone can ID it for sure so we can both get some sleep lol
 
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My guess is it's the outside face / crank plate of a cheaper fishing reel

reel.webpreel 1.webp
 
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Excellent - it's not a light but a jeweled bearing.

I started down that path (it being a bearing vs. a light) - Indiana is the home of Tedco - the largest gyroscope manufacturer in the world. It was a dead end.

Good job.
 
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