Mark Wags posted:Thank you for all of the information. I know so little of Marx and was curious as to how this operated.
The third wire is probably for the indicator light. Basically, the breaker works thermally, with the light wired in parallel. When there is a short circuit, the thermal breaker heats up and opens. At that point, power goes to the light instead, and it lights up.
I wrote an article on Lionel and Marx breakers for the CTT forum back in 2014, but what with Photobucket getting hinky, it no longer has pictures. I'll see about reposting it here.
Mitch