I have not disassembled mine, but other clutch fans I have seen have used silicone fluid and/or a bimetal spring to control engagement.
Some are temperature-engaged (turn faster with hot engine), others engine speed engaged (turn faster when engine is running slower, spins freely at highway speed to conserve horsepower and reduce noise) similar to the way the blades on a flex fan flatten at high speed.
Vikki 1969 Goldenrod Yellow / black 400 convertible numbers matching