The three pole regulator is at http://avstop.com/AC/apgeneral/regulation.html

The arrows around the coils indicate that current is flowing from the ground up through the coil to the positive terminal of the armature. Does this seem right or do the arrows mean something else?

 

The arrows show the electrons flow.
http://www.allaboutcircuits.com/vol_1/chpt_1/7.html

 

Why does the circuit show the electron flow of current comi
ng out of the ground symbol for two of the coils