Teddy Roosevelt’s Pocket Knife??

It’s a German folding boar hunting knife. It folds out to become a longer knife to reach the heart to kill a boar. The swing guard is missing.
 
Linder made them. Lol. I was editing my post to add German while you were posting it was German.
 
Most German makers produced these folding bowies at some point in time. Hubertus, Herder, Linder, Weltersbach, Puma etc, Joseph Rodgers in Sheffield made them too. There are modern versions, just google..
The knife in question is a German made Pal brand #7504 Hunters Pal. It doesn't have a swing guard.
 
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