In his book, Woodworking Tools 1600 - 1900, Peter Welsh quotes an 1827 list of tools by Amasa Thompson. The most expensive tool listed is a "Morticing Machine $10.75". I have found a reference to a carpenter/joiner being paid $8.00 a month plus board and then being raised to $12.00 a month in 1830. In any case, such a morticing machine represents quite an investment for a woodworker at that time - a set of bench planes is listed at $6.00 and a hammer at $0.50. Does anyone know what that machine might have been?
[ I found Welsh's book available for free download at Gutenberg.org in several formats. The HTML format has much better images than the Kindle version. The price beats that of hard copy at many stores.]