It’s the windshield washer foot-pedal pump.
… (if/when operating properly)… a lighter tap activates the wiper for a quick swipe and a harder press shoots the washer fluid.
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It is dual purpose. The lever actuates the windshield washer pump but it also electrically activates the windshield wipers. In a misty situation it is handy to push the pedal occasionally. It’s a cool feature that I think should have been used on subsequent models. Sadly it died after 1968.
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