A combination of a mounting means and a base member, said combination being for use in mining, road planing or earth moving equipment in which said combination is itself fixed against rotation about its axis, said mounting means having a shank receiving perforation to receive the shank of a bit having a cutting end at one end thereof, said perforation extending within at least a substantial length of said mounting means, the improvement which comprises:
- a tapered portion on said mounting means, said base member having a correspondingly tapered cavity extending through a substantial portion thereof, said base member completely surrounding that part of said tapered portion which is seated in said tapered cavity, and said tapered portion being seated within said tapered cavity with a wedge fit which is 360.degree. in scope whereby to impede relative movement between said mounting means and said base member;
- and a retaining means to hold said tapered portion in its seated position within said tapered cavity;
- said mounting means having an extension extending through the bottom of said tapered cavity and beyond said base member and said retaining means comprising a threaded portion on said extension and a nut on said threaded portion in engagement with said base member.