I spent $1 to get this Stanley Everlasting chisel and got the R Jennings flat nosed pliers as a bonus. Also got a 10 inch Wright extension and a new set of ends for a pipe furniture clamp as well as this 4 inch Crescent adjustable. My question concerns the Crescent wrench. I'm wondering if the prior owner who drilled the hang hole right beside the factory provided hole was a nuclear physicist or a ballet dancer ?

Can't see any reason why some body would drill another hole in that wrench?????
Nice chisel,are there any patent dates on it?

 chisel has pat 1493176 stamped on it.

Wherever it hung, the hanger couldn't be moved and the wrench hung too low or it wouldn't fit. The hole was the solution.

Hi Jim, your chisel was patented on May 6, 1924 pat. 1493176 as you stated.

by George A. Wood of Southington, Connecticut and assigned to the Stanley Works, New Britain, CT

George stated that the body design could be used for chisels or for screwdrivers.

as for the hole in your wrench, I have some tools with holes drilled in the strangest spots, yes, "what were they thinking"

Frank