With the controls as you requested, Dave, it's not just a soft hiss. "Hummmm" goes up in both channels with raising the volume control. But this is interesting... For kicks I took a solder sucker plastic tip and at half of full volume, jiggled the hole in both PHONO LOW jacks. Result = One of the channels amplifies the probing with the plastic. The other channel does not do that. I'm thinking I must have a problem at the jacks. I know Larry suggested tightening them up which I will do next time I open it up. I didn't know the jacks could be tightened. Usually I tighten the RCA cable tips when I feel they're loose.
You're right that with a TT connected that it adds very little hiss and hum.
EDIT: It's the plastic ring (insulator) inside one of the PHONO LOW jacks that appears to be loose, probably a piece or two that broke off. None are broken completely through to the metal though. Investigating further. It looks like several of those plastic insulator rings have deteriorated over time. Some of them I can move easily in a full circle. Also I noticed that each jack inside the chassis has the hole for the RCA plug pin and then a flat plate underneath it (on top of it?). I'm not sure, but some of the wiring to the flat plates look like they might have been touching the pin part. The insulation around those wires is not very good. They're just pieces of cloth insulation. It's easy to move the insulation back and forth on the wire. I created more space between the 2 pack parts to ensure the wiring cannot touch the pin part. I was able to tighten the RCA jacks.
EDIT: Another thing I noticed... The wires that are white with colored stripes that go from the input jacks to the various front panel switches... a few of them have bare wires inside the insulation in addition to inner-insulated wires. Some of these bare wires are connected only at one end i.e. connected at the jack but not connected to anything at the switches end where the inner-insulated wire connects to a switch. Is that normal? At that end you see a piece of wire sticking out of the insulation.
An example is the white wire with a blue stripe that goes to the volume switch. the inner wire connects to the middle terminal on the volume pot. But the bare wire inside the white/blue insulation just sticks out of the insulation. Same thing with 2 wires going to the TAPE MONITOR switch on the front panel.
Thorne
EDIT2: When I have only dummy loads attached, with selector on PHONO STEREO, if I touch the chassis, the 60cps hum seems to disappear and leaves it as a 120cps hum. Also, if I move my hand near the selector switch or the PHONO LOW jack (I'm doing the tests in this paragraph with only headphones), the hum gets louder. I've poked at just about everything inside the chassis with a plastic tool and this hum doesn't seem to be caused by anything that's loose.