Hmm, a 60+ year old compressor's making noises you say... how odd!
Seriously though, "sounds" * like a mechanical problem inside to the compressor itself, not electrical, probably a broken isolation spring ( think of it as an internal shock absorber ) it will cause a hard knocking mentioned usually on startup or shut down, you are hearing the internal "guts" smacking the inside of the compressor housing due to the reciprocating motion of the piston & connecting rod.
Sometimes the compressors piston will rock back and forth inside the cylinder causing a similar sound but with a bit more of a "buzzing" tinny sound, this noise may quiet down once the compressor gets up to pressure as the freon gas acts like (again) a shock absorber.
Nothing can be done about either situation, it's just a old compressor. Also check for loose or missing rubber support feet and/or springs that keep the compressor from vibrating against the deck plate, etc.
*= pun as a matter of circumstance