Well I came across a nicely put paragraph out of a 1913 text entitled "The Modern Gasoline Automobile, it's construction, operation, maintenance and repair.". I like the word "modern." Anyway, here goes:
A word of caution to motorists who are apt to judge tools merely by the price should be heeded. Many men who are not mechanically informed select even the cheaper tools by price rather than quality. As a rule the better quality tools cost only a few cents more and will give satisfactory service during a lifetime, while cheaper ones often cannot endure the work of a single season. Cheap chisels and punches are made of soft, improperly tempered steel; cheap wrenches are made from malleable iron castings, instead of steel drop forgings; low-priced screw drivers have the blades of inferior stock and so flimsily secured in the handle that they will turn on the slightest provocation instead of loosening the screw to which they are applied. The motorist who buys cheap tools is penny wise and pound foolish and it is better to purchase fewer tools, but good ones, if economy dictates when the purchase is made.
A word of caution to motorists who are apt to judge tools merely by the price should be heeded. Many men who are not mechanically informed select even the cheaper tools by price rather than quality. As a rule the better quality tools cost only a few cents more and will give satisfactory service during a lifetime, while cheaper ones often cannot endure the work of a single season. Cheap chisels and punches are made of soft, improperly tempered steel; cheap wrenches are made from malleable iron castings, instead of steel drop forgings; low-priced screw drivers have the blades of inferior stock and so flimsily secured in the handle that they will turn on the slightest provocation instead of loosening the screw to which they are applied. The motorist who buys cheap tools is penny wise and pound foolish and it is better to purchase fewer tools, but good ones, if economy dictates when the purchase is made.