John B. Rathbun, Practical Hand Book of Gas, Oil and Steam Engines
“ The principal parts of the generating system of the magneto are the magnets, the armature, the armature winding, and the current collecting device, of which the armature and its windings are the rotating parts. The production of current in the magneto is the result of moving or rotating the armature coil in the magnetic field of force of the magnets. When any conductor is moved in a space that is under the influence of a magnet a current is generated in the conductor which flows in a direction perpendicular to the direction of motion. ”
