Your late 1926 3 1/4 x 4 1/4 RB Series B has pin holes in the curtain in the area where it was stuck and the entire length needs to be checked. These threads,
http://www.graflex.org/helpboard/viewtopic.php?t=5624
http://www.graflex.org/helpboard/viewtopic.php?t=6578
will help with your repair.
With the curtain at O properly positioned over the film opening, top curtain aperture stay above the top film opening guide roller to the top center of the top curtain roller, install the wind plate and secure with two screws diagonally from each other.
With a screwdriver that fits the tensioning roller slot through the tensioning roller opening in the tensioning plate, tension indicator at 1, turn the tensioning roller shaft counterclockwise 10 turns then mesh the roller gear with the wind gear and secure the plate with two screws diagonally from each other. Wind the curtain to the 1/8 aperture and run down with the L lever 10 times. Turn the tension up to 6 and repeat. Reduce the tension to 1, put a screwdriver in the tension roller slot and remove the tension plate slowly releasing the tension on the roller. Check the O opening position and correct if necessary. Reinstall the tension plate setting the initial tension to 6 turns and check shutter operation.
1. The shutter should close and lock, wind key will not turn opposite the wind arrow, with the camera in any position including upside down.
2. With the tension set to 6 the curtain should wind to the smallest aperture.
To correct condition 1 failure increase initial tension 1/2 to 1 turn at a time until it does.
To correct a condition 2 failure reduce the initial tension.
The tension spring condition will determine the initial tension required for condition 1 to be good. Normal initial tension is 6 to 8 turns, heavy wear or very weak spring 10 to 12 turns. 14 or more turns indicates a problem with the rollers, bushings, or guides.
There is no guarantee the speeds will be as specified on the speed plate so test the speeds with a shutter speed tester.