The Model 12 was the first practical 5-bit printer
and almost 12,000 units were produced between 1922-1943. the M12
was originally designed by the Morkrum Company. In 1924, they
merged with the Kleinschmidt Electric Co. to become the
Morkrum-Kleinschmidt Corp. That name was felt to be too unwieldy
and in about 1928, the company name was changed to the Teletype
Corporation. (Morkrum had been previously using the name
"Teletype" as a model name.)
The printer was originally designed to be used in multiplexed
systems where the printer signal line consisted of five wires,
each connected to an individual selector magnet (one for each
bit). So it was a parallel-input printer. The printer was popular
with newspapers to receive news from multiple sources.

Doug beat me to it with more pictures, so I'll refer to his at https://photos.app.goo.gl/8zVHnSHYYbe16jAa9
Note that the keyboard is a separate plug-in module with its own
motor. It was an add-on to allow operation in a serial Start-Stop
system, which was developed in the early 1920s. If you are
familiar with the M15, you will recognize the cam-driven,
goose-neck levers on the right, that generate the serial data from
the keyboard. There is another set of goose-neck levers in the
middle. These are a serial-to-parallel distributor to drive the
five selector magnets.
Gerry already offered his unit to me for the AWA Museum, but we
already have one. Hopefully someone can take this historic unit
and save it. There are probably only a dozen or so of these units
still around.
have fun,
Duncan Brown, K2OEQ
USASA 31J30
Antique Wireless Association
Communication Technologies Museum
Asst. Curator, Commercial Equipment
(also chief TTY op & repairman)
i-Telex: 212503
www.antiquewireless.org