I think the name Race is not meant to infer any particular type of racing,
but is probably just a name, possibly of the inventor. According to this
site the knife was used in shipbuilding:
Marking heavy timbers with letters or numbers, typically used by
boatbuilders and timberframers.
Ever notice that old barn frames were usually marked with Roman rather
than Arabic numerals? One reason is that, until you get to C or D -
whivch is a hell of a lot of joints - the Roman numerals are all
straight lines. Much easier to cut with a chisel or gouge.
The race knife makes the curves easier, using the pivot and the end
cutter. The side cutter is good for straight lines.
I guess this is close enough to call correct, it's a fisherman's trolley
weight. It was designed to travel up and down the fishing line (controlled
by a second attached line) to change the depth of baited hooks.
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