Electrical Fuse Box Wiring. Connect the bare wire to the ground strip in the subpanel. The fuse box might be safe and the home inspector might not have raised a stink about it but its unlikely your new home can pass a real electrical inspection according to the National Electrical Code.
This is sometimes a long wiring run on a boat. You should use marine grade primary wire for this. Murray Fuse Panel - Internachi.
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Disconnect the power from the main power meter so there will be no surprises. Protecting the Fuse Box Fuse boxes like the one above are less common these days than circuit breaker panels but they work just fine unless someone installs fuses with a higher amperage than the wires can safely handle. Check all the rooms to make sure that the power is definitely off. Strip back the white wire and connect it to the neutral bus strip.