This section is from the book "The Boy Mechanic Vol. 2 1000 Things for Boys to Do", by Popular Mechanics Co.. Also available from Amazon: The Boy Mechanic, Vol2: 1000 Things for Boys to Do.
The sketch shows how A very cheap and serviceable leather punch can be made of an old pipe nipple. Pieces of pipe of almost any size can be found around a shop, and it is, therefore, usually possible to quickly make a punch of the required size. The cutter end can be ground very thin to prevent an over-cut, while a small slot cut a little above it will allow the removal of the leather slugs. For its purpose, this homemade tool is all that can be desired in cheapness and utility.