It is called a Color camera since it was designed to make color images via multiple exposures with cyan, magenta, and yellow filters. It took 3¼ x 4¼ inch plates or cut film, and came equipped with a meniscus lens in a Wollensak shutter.

The camera has something of an an internal black bellows - the knob on the left side in the photograph would move the lensboard in and out to focus.

Of historical note is the name "Ives" in the Hess-Ives Corporation - Frederick Ives (1856-1937) was the inventor of the halftone printing process, and made significant discoveries in 'natural color photography' during the late-1800s and early-1900s. 

Frederick Ives got his start in photography in the 1870s running the photographic lab at Cornell University on a trial basis. As the story goes, only four years later, the president of Cornell offered him a paid instructorship to keep him from leaving.