Originally posted by Target
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On the pro side, it's a screwcutting lathe, power cross and traverse, and has apparently plenty of accessories including what might be three chucks (or two and a faceplate) a steady rest, tools and toolholders, etc. The ways don't look too worn, it doesn't appear to have been beat to death, and appears to be ready-to-go functional. (With a good cleaning and oiling.)
On the con side, it's got plain bearings and a cobbled belt drive, which will limit the top speed. Probably to less than 500 RPM. This is not a fatal flaw, of course, but is a limitation. Possibly worst of all, it probably has a now-obsolete spindle thread, meaning to adapt any other chuck will mean having to make ones' own backing plate. It may also have what is today considered an absurdly small spindle bore, like 3/4", though it could have as big as an inch. It's not impossible it has no hole through the spindle at all, but I think that's "new" enough- relatively speaking, of course

If it's not too expensive, you have the room for it, and are willing to work around the limitations (and no better machine is available) I'd say grab it. ATW was well-regarded, later developing the nigh-legendary Pacemakers, possibly the epitome of American-made manual lathes.
If you DO get it, several things to keep in mind: There's no chip or drip tray, and machines like that [i]live[i] in oil. As I said in an earlier post in this thread, you can't over-oil a machine like that- at least, not 'til you start noticing your socks are getting squishy.

The spindle especially needs to be constantly oiled- keep oil in the glass- and use the correct oil. Any oil is better than no oil, but the right stuff is best of all. It's been a while since I looked into plain-bearing oils, and such is not my forte`, so you'd want to do a little research.
Apart from that, keep the ways clean, oil the bejeebers out of it, and pick up a copy of South Bend's How To Run A Lathe. Have fun!
Doc.
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