You need to remember that these systems typically didn't have any pumps in them. The condensate drained back directly into the boiler, via the Hartford Loop. This gravity return design is why these old system only ran at 2 PSIG max. (Some only ran on inches of water column pressure, others were vacuum systems.) The 2# operating pressure meant that the condensate only had to "stack up" in the return piping about 5 feet, before it could start to drain back into a running boiler. This is why many of these old installation had boilers that were installed in pits, below the elevation of the basement floors. At the end of the firing cycle, the vents need to admit air, so the the condensate can drain properly.
The book I mentioned in a previous post "The Lost Art Of Steam Heating" describes all of these old systems (and there were many designs) far better than I ever could. And it's written by a guy who can tell an amusing story, so it's not like reading the phone book. Some of these systems were amazingly simple, yet worked flawlessly. Others incorporated very sophisticated controls - like one that sense the draft up the chimney, and throttled air dampers to keep the coal fire going all night. And it was ALL mechanical - no electrical components at all. There were some truely gifted people designing mechanical systems 100 years ago.