This is the description from "A Millers Falls Homepage"
"In 1938, the Millers Falls Company introduced one of the finest braces ever mass produced. The brace, shown at top left, was designed by William J. Parsons, the 'dean' of the design and engineering staff, to celebrate his fiftieth anniversary with the company. The Model 5010 Parsons De Luxe Brace features a full ball bearing chuck with Leland's universal jaws. The ratchet is fully boxed, the handle floats on 'oilite' bronze bearings. The head also runs on an 'oilite' bearing, but features a full thrust bearing as well. The transparent red plastic (permaloid) heads and handles used on these braces have been extremely durable. The plastic on most examples looks much as it did over a half century ago." A picture can be found here under the heading of Millers Falls Parsons De Luxe Brace...................it's the next to the last topic and the top brace in the picture.