The patent shows a different tool, but probably is just the maker taking liberties, it is a hammered cutting tool, the cutting edge is just 90 out from your tool (listed as a bushing removal tool, for cutting inside sleeved bushings)
Patent is from 1939
PS: a comment on old tools describes the one shown in the patent, marked with the same name and patent number (but marked 172A), so there are 2 types with that patent, 172A, and 72B...hmmmm