Houses of that era were often wired with aluminum wiring.
You can tell by opening the panel and looking at the wire. If it is aluminum, look closely where the wires attach to the breakers and where the incoming leads attach to the lugs. The problem with aluminum is it won't stay tight under the screws and it will overheat and burn the wire from under the screw. Look for evidence of burned insulation. If it is burned, the wire will need to be cut off and "pigtailed" with a wire nut, anti corrosion compound, and a piece of copper wire. The affected breaker will also need to be replaced. Same thing will need to be done at all the receptacles and switches. Not an easy job, best left to the pros!
If it is copper wire the corrosion can occur where the breakers plug onto the buss bars in the panel. Try to catch the problem when it's happening, feel for hot breakers, try moving the breaker, see if the lights flicker, pull the breakers one at a time and look for signs of overheating where the breaker plugs on the buss bar. If the breaker is burned it will need to be replaced. If there is an empty space in the panel, move the breaker there to get a clean spot on the buss bar. If the buss bars are badly burned the panel will need to be replaced.
Then again the problem could be somewhere else entirely, like the meter base, the transformer, the incoming wiring, or in the house wiring. Just a matter of tracking it down.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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