Two Cents worth, Jeff? I'd say at least a couple bucks worth!! And confirmed and added to by Joel. I kinda suspected that both of you would say what you have said (in general), and I perceive that you both have given very good advice based on actual good experience. I hope you recognized from my original post that I am very hesitant to proceed with power tools, having already observed the potential for almost instant disaster if one is not properly schooled and experienced with their use. Trouble is, one only becomes those things by sacrificing some project material, and I would hate to ruin a knife that has at least some monetary value while I learn.
I had thought of using a file, but had not thought of using the paper wrapped around the file. I have an old file or two that are mostly used up that would be great for the purpose. I have used a thick piece of glass to keep a piece of emory cloth perfectly flat while removing material and polishing internal parts of revolvers, so I have a bit of experience with the paper.
This definitely would be a "project", Jeff, and another one of those is not what I need right now!! Am I the only one who is overloaded with "projects"? I doubt it! Still and all, I am intrigued by the possibilites using the file and the paper, as each of you has suggested. I would feel much more comfortable working on the (any) blade in this manner, especially as far as maintaining the angles and edge and controlling temperatures are concerned. I will take a closer look at the blade based on your comments, Joel, and decide then whether or not to mess with it. As you said, it now works, after a fashion.
Once again, thanks very much for sharing your knowledge and expertise with a fellow whose possession of either is limited. Jeff, the country music suggestion is a good one, especially if you are talking about the older stuff from the 50's and 60's, and if you include a bit of bluegrass with the mix. I also happen to have discovered again the rock and roll music from the same era, which the youngsters in my work place refer to as "elevator music" or "stone-age rock and roll". I like some of that type music better now than I did then. Both styles of music from those years seems kind of tame compared to the stuff that is being played today. At least I can understand the words of the old stuff, and can still pat my foot quickly enough to keep up with the beat!!
I just remembered that I have actually "made a knife or two. I have taken a hack saw blade and ground the point end in a curved "sheepsfoot" pattern, then "sharpened" the area that contained the teeth of the blade. I then shaped a piece of hardwood into a simple handle wide enough to accept the hacksaw blade internally, cut a kerf in the handle down about 3 inches to allow the blade to be inserted in the kerf, used epoxy to glue the blade in the handle, and then wrapped the handle with nylon cord about 1/16th inch in diameter, tucking the ends under the wrap. I then coated the whole thing with urethane (I think, it has been a while!) to seal it. The blade sticks out of the handle about an inch and 3/4ths, and the overall length is paring knife sized. This is a "safe" knife, thin and sharp enough for lots of things, letter opening, package opening, etc but not strong enough to be used for serious heavy duty cutting chores. That means that the wrapped handle is satisfactory since not much pressure is used when the knife is at work.
Well thanks again for your very valuable advice, and thanks for listening to my rambling.