I would guess Leverett was a freelance inventor, I didn't see any assignments for his inventions, so probably patented first, then hawked to whoever was interested....
Agreed, the ratchet being the patent is a stretch from a design stand point.
A search seems to indicate that is the *only* patent for a drill (in the class) with a date ending 4/25
Time lapse from application to issue seems to be about 2 months in the 1870's, so I don't think it can be an application date either, as it would still be 1875 , or 74, and I don't see anything in that range that was close....hmm
>(what does his middle initial stand for?)
Given how unusual his first and last name are, I wouldn't even begin to guess....