I have been itching to set up a shop again after many years without one. One of the first items any good shop needs is a drill press. I am on an extremely limited (near zero) budget, and the cheap presses I have come across do not inspire confidence in their capabilities. Then I came across this instructable:
marshon did a lovely job with his restoration project, and I felt up to a similar challenge especially if it came at a similar price!
I had only been searching for about a month when I came across the press by accident. My girlfriend and I were walking home from the beach when I spotted a gorgeous '60 Chevy, so of course I went over to drool on it. It was parked in front of a garage sale, and I found the press rusting away on the bottom of an old metal cart. For 15 bucks, I now had a drill press, sort of.
It took quite a bit of work, and I got lucky finding a motor, but I now have the drill press restored and operational. See the before and after photos below.
My goals for this project were not to build a "museum quality" artifact of antique equipment, but to have a fully functional piece of workshop kit. I am satisfied that I have accomplished this, and the build quality of the unit appears superior to anything new I could have afforded.