The tremolo oscillator injects a BIG 5Hz signal to the cathode of the preamp.
The preamp tube is slammed OFF and ON. That's how gain is varied.
The preamp tube plate has ~~1V of guitar signal and 100V of 5Hz wobble.
The problem comes in the stage you snipped away. The next stage can handle 1V of guitar, but not 100V of 5V wobble. In fact when the 5879 is "on" and passing signal, its plate is most-negative which drives the next stage grid negative and turns it off. The result is an OFF-and-OFF tremolo, which is no good at all.
We need to pass 80Hz up but reduce 10Hz down. One 0.005u against 1meg is -3dB at 32Hz bass-cut. At full-up we have five such sections. Ignoring the heavy interactions, it is -5dB at 64Hz, -2.5dB at 128Hz, -100dB at 3hz and -40dB at 10Hz. Our 100V 10Hz wobble is cut to 1V, similar to desired guitar signal, and does not swamp the next stage.
There's another complication. The trem oscillator injects at both cathode and plate of 5879. Kinda shorts it out. But the plate connection is via more Rs and a C.
Why don't we see this more often? It may be Grissom's fav amp, but nearly everybody uses Fender's output-stage tremolo. The push-pull audio connection with single-ended tremolo makes the large throb cancel-out of the signal. (Or the later LDR cheat.) The other major single-ended tremolo throbs the driver before the output tube. Here signal levels are higher. Still you need some bass-cut to keep from slamming the output tube into OFF-OFF operation. Even so this is reserved for low-price beginner's amps.