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Drill Press Speed Reducer

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Are there any plans around for building a drill press speed reducer?
I have a restored Toro drill press with a low end RPM of 860. I would like to reduce the low end speed to around 250-300 RPM. I think I can build a jack shaft (lay shaft) that will fit into the top end of the tubular column and it would carry the stock four step pulley as well as a large pulley driven from a smaller pulley on the motor.

Dick

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