MODERN LIVING: Inventor in Menlo Park

Like most Americans, Engineer Hans Goldschmidt knew that one of the quickest ways to make a fortune is to invent a new gadget or machine. Unlike most Americans, who never get beyond the daydreaming stage, Goldschmidt made his daydream come true. His invention: a home power tool that could be used as a lathe, vertical and horizontal drill, sander, saw—and do almost anything else needed for woodworking. Last week Goldschmidt's streamlined new model of the "Shop-smith," the do-it-yourself boom's most versatile power tool, went on display at a do-it-yourself exhibition in Manhattan.

Ready at a twist or two of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!