Shear?

I was wandering around a local junkyard, Sacramento area, and came across an
old shear, I think its a roller shear. It is manufactured by Niagra. I
pulled some numbers off of it. I think this may be the model number
112-216-D. Serial # C254.
This machine looks like it weighs at least 2000 lbs. It will need a complete
rebuild. He wants $300 for it.
Anyone know what this machine is?
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Gears
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After doing some research I have discovered this is a circle cutter. It is far larger than any I've seen on the internet. The cutting wheels are about 5-6" diameter. Could this machine be converted to making straight cuts? Possibly by using some type of fence or stops?
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