[mikethedruid]

Some months ago I was fortunate enough to come across an original Atwater Kent ring binder of their service information from their beginning through 1933. I have looked through it to see if I could find any direct information to answer your questions. What I found is that in this early period they went by their own part number and color code system, and that it varied between models over the period. I STRONGLY suggest you follow the values on the schematic for the parts. The numbers on the condensers are NOT related to their value. The same goes for the colors on the resistors. Here is the schematic for the model 808A, which, from what I can find, is the same as your 708. I hope it can be of some use to you.
[Image: https://64.media.tumblr.com/fec5c52c4f2c...442e2b.jpg]