Found a 1955 Magnavox TV/Phono/Radio!!!

[Magnavox300]

I just bought this great early Magnavox console today for $75, and it was only 10 minutes from my house!
Found it on CL early in the week. The woman said her parents bought it new in 1955 or 56, and they were the original owners. Even came with the original owners manual!
I found a 1955 add, so I am assuming it is this model.
Radio works, I tried the TV, but it started to smoke, so I shut it off... Really hope I didn't fry anything!!! I know I need a variac, I have had good luck so far turning on old sets to test them, but I can see that is very foolish!
I'd hate myself If I did any real damage...
I'm not sure, but this looks to be maybe the earliest of the Danish modern style consoles that Magnavox started to make.
Anyone familiar with this one? Can't wait to restore this beauty!