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.

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