sorry, regret I can't help with the glass either, but enjoyed reading misha's explanation for the reasons of the two coloured wooden base, and hope there's no objection to my adding a word or two.
Some woods are cut on the quarter to maximise the decorative features of grain/fleck/medullary rays - oak in particular shows the last to great effect when cut this way, although not in this instance where it's been used to provide the proportions of sap to heartwood as misha has explained.
In its simplest form quarter cut means cutting the cross section of the log into four equal parts (along its length) - and when cutting planks from such a quarter, this provides for the growth rings to be more or less at right angles to the plank, and helps with stability, but quarter cutting can be a wasteful process and is reserved usually for better quality hardwoods.
Next time you get to look at old softwood floor boards, almost every one will show some degree of bowing/cupping, simply because commercially quarter cutting creates too much waste - so they simply cut the log through and through. Since the wood still contained some moisture, it carried on drying and not being quarter cut, distorted.
The wider the plank, the greater the bowing, usually - thanks goodness for plywood
Quarter cut minimises this shrinkage/cupping/bowing, which happens when log is dimensioned in plank form - most woods shrink vastly more across their width than their length - caused by shrinkage of the cells within the wood, as they dry and contract. I get the impression that some of the terminology may be down to where you are on the globe - I know the States folk use the word lumber a lot and not sure whether that refers to standing trees or cut logs.
Looking underneath may not show full concentric rings if the piece was cut on the quarter - you may see part of the growth rings only. These might also be seen on the top collar/rim of wood below the metalwork.
What is the extent of wear, if any, under the wooden base?
I'd agree this piece probably had a clear glass chimney, originally.
Apologies, as usual, for being long winded.