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Yes, it does have separate bass and treble. The treble works perfectly and attenuates properly. The bass control does not. At normal or slightly high volume if I put my ear very close up against the speaker I can hear a definite bass (with the bass control at max) but 6" away it's not really audible as "bass"......it's as if the bass signal is not really being "pushed/amplified". Kind of like a radio with only a tone control where the bass is not really attenuated but rather the highs would be washed over with more of a midrange sound.
I'm going to get a cap kit and replace all of the caps previously mentioned in this thread and report on the outcome. Probably won't be until later this week. I appreciate your input on this!
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