Dodge610 is right...the attachment on the front of the screwdriver blade holds a slotted screw in place, so that your other hand is free. You just slide the spring-loaded assy toward the tip, fit a slotted screw over the blade, and allow the fingers to spring slowly back against the screw. Now you can install the screw using just one hand.
The springs on the pipe wrenches are there to help the wrench head lock firmly against the pipe. Remember that a pipe wrench is directional...meaning that it gets tighter when turned in one direction, but looser when turned the other. This allows it to work sort of like a ratchet. The springs hold tension on the jaw, to facilitate this action.
To restore your Kennedy tool chest, consider how far you want to go. For MY personal taste, I would recommend using some lacquer thinner on a rag, and wipe it on that blue overspray paint. It may just wipe right off, with a little elbow grease
(be sure to do this in a ventilated area...lacquer thinner is very flammable). The lacquer thinner may also dissolve the old adhesive residue from old masking tape, stickers, etc.
(Just be sure to try it first in a discreet area, in case the lacquer thinner might attack the original wrinkle finish...although I think this is unlikely.) And you can get some #0000 extra-fine steel wool, and polish the rust right off of those latches. And if it is too severe, you can contact Kennedy tool boxes in Van Wert, Ohio, where they can sell you parts, and even the correct original wrinkle-finish brown paint.
Or...you may prefer to tear it completely apart, strip off all the paint, carefully repair any dents, sand, prime, repaint, replace drawer slides and/or bearings, add all new latches, reassemble and enjoy. But this is a substantial project.
Again, for MY personal taste...I would choose the former route. ENJOY!
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