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schematic of a 1962 type jtm45 amp. Here it is: {excerpt}

Oooops.
That's NOT the usual way to use a transistor.
Tube V2 makes the oscillation. The transistor C-E path is used to short-out the audio.
A modern Silicon transistor "will" short-out audio; this connection is often used to mute hi-fi outputs at power-up/down.
But can it "fade" between open and short?
The old-old Germanium devices were so leaky, that they never got fully ON or OFF. Marshall may have used this "fault" as a "feature".
Also the old devices were pretty symmetrical, not much difference between C-B junction and E-B junction. Since audio swings both ways, this may be important. And I do not see why it is PNP, except PNP was most common at the time. NPN should work very nearly the same. (If you had two audio paths, one NPN one PNP, fed from the same oscillator, you would know they work on opposite sides of the trem wave; but that does not matter to a guitar amp.)
It might still work with modern devices. National Semi published an app-note for a $13-class cassette tape recorder which used a "modern" Si transistor to partially short-out the microphone for automatic record level control.
Experiment.
Also try a JFET. They were rare in Ge, but are a natural for a scheme like this, and are now real cheap.