Abstract: A tool holder is provided for retaining a cutting tool which can be pivotally adjusted to align the cutting tool and provide a precise cut. The tool holder body has an area of reduced cross-section which serves as a fulcrum about which the cutting tool is pivotable. The tool holder body has a forward tool end for retaining a cutting tool and a rearward end operative to be mounted or retained on a lathe or other machine tool. The forward tool end can be pivotally adjusted about the fulcrum to align the cutting tool and provide an accurate, straight cut into a workpiece. A lever arm attached to the cutting tool end is adjustable to cause pivotal movement of the cutting tool by displacing the tool end laterally in response to the force of the lever arm when it is drawn toward or away from the tool holder body.

Abstract: A tool holder in which a clamping element is integral with the tool body and movable into clamping and unclamping positions by simple screw or other adjustment. In one embodiment the tool holder comprises an elongated metal body having a mounting portion adapted for attachment to a machine and a forward end operative to retain a cutting tool thereon. The forward end includes an elongated clamping element integral with the body and space therefrom to provide a recess into which a tool bit is insertable. A set screw or other actuating element is cooperative with a portion of the elongated element and the body to cause flecture of the web portion and movement of the elongated element toward the confronting surface of the body to clamp a tool bit into position.