Try a Google search for more and better info. But this is from an old auction of mine:
PUT AND TAKE RULES, BACKGROUND: Put & Take tops were very popular from the 19th century to about the 1940’s. They could be carried in one’s pocket and used anytime in a bar or other gathering place for an impromptu gambling session. Each player would contribute chips to a pot. They would take turns spinning the top. If it landed T1, T2 or T3, the player who spun it would win (take) 1, 2 or 3 chips, respectively, from the pot. If it landed with the star or Take All showing, he would take all the chips from the pot. If it landed P1, P2 or P3, he would lose (put) 1, 2 or 3 of his chips, respectively, into the pot. If it landed "0" or Put All or All Put, he would have to match the pot or lose all his chips or each player would have to contribute to the pot, depending on the rules.

I just remembered, I have a page at my web site on this:
http://www.antiquegamblingchips.com/putandtake.htm

Robert