Because of the Red Devil name I also thought glass pliers. From what little I know you score the glass then snap it with pliers. The offset handles and hefty design made me uncertain. Then I thought maybe for floor tiles.
Smith & Hemenway has an interesting history per AA. They merged around 1916 but the plant is associated with Hemenway in Irvington, New Jersey, as the Irvington Manufacturing Company. My pliers have IRV NJ on them. Red Devil was a name used by S & H. Smith and Hemenway apparently knew each other for a long time. If you look at the 1899 design patent for Smith, Hemenway was a witness.
S & H was sold to the Crescent Tool Company in 1926, but Smith apparently did not sell the Red Devil name as he would use it for glass repair tools.
Red Devil is still in business as a family owned company and traces its roots to S & H.
http://www.reddevil.com/index.php?l=page_view&p=about_us