Green’s Dictionary of Slang

tom n.4

[the masculine name; euphemized by Ware as ‘one who does not care for the society of others than of her own sex’]

(UK society/US gay) a lesbian.

[UK]J. Ware Passing Eng. of the Victorian Era 247/2: Tom (Street, 19 cent.). A masculine woman of the town. In higher ranks one who does not care for the society of others than those of her own sex.
[UK]T. Croft Cloven Hoof 65: ‘Tom’ or ‘Rory’: a Lesbian woman.
[US]B. Rodgers Queens’ Vernacular 70: any gay woman [...] Tom (les sl).
[US]Maledicta VI:1+2 (Summer/Winter) 132: King (old term for diesel dyke, like tom).

In phrases

old tom (n.)

1. (US) a lesbian.

[US]Trimble 5000 Adult Sex Words and Phrases 142: old tom (Sl.) 1. A Dyke, or other female Homosexual who gives that impression.
[US]R.A. Wilson Playboy’s Book of Forbidden Words.

2. (US) a prostitute catering to lesbians.

[US]Trimble 5000 Adult Sex Words and Phrases 142: old tom (Sl.) [...] 2. A Prostitute who caters to Lesbians, particularly Passive female clients.

3. (US gay) an old lesbian.

[US]B. Rodgers Queens’ Vernacular 71: the aging lesbian. [...] old tom.