Lebaron, take a look at a site called "collecting snap-on". Frank has done a great job. It will answer most of your questions. Also if you search on this site you will find an earlier thread on this same tool. I posted a picture of one I have. Mine is a bit different than yours, it is a little longer and has less "teeth". If I remember correctly, there are three different variations.
Patent no. Is 1,443,413, issued Jan. 30, 1923.
Mike