It feels so good to have the help and resources of everyone on this forum. I would not have attempted this major of a restoration without knowing that I had backup.

I tend to bounce around on a project like this, you can only use the wire wheel for so long.

The motor had a wasp nest that need cleaned out. I pulled it apart and without destroying anything cleaned the mud out and blasted it with the air hole.
Is there anything I should do before I put it back together?
There are no bushes, just some felt things and copper contractors. Kind of hard to get a picture of.
Nameplate rivets are often like this:
Cut a slit with a Dremel and see if they back out with a slotted screwdriver. Plan B is to grind them off and them punch them out.
I'd replace the bearings. They're actually pretty inexpensive if they're standard sizes and not proprietary.
Thanks Dave I will use the dremel to extract them. I am still on the fence about it. I really want the clean full paint look, but know want to mess up the name plate.
I'm unsure what spring loaded knob you mean, neither of mine have one, mind getting a pic or pointing out where it's located on yours?
It located just above and to the right of the nameplate.
Also, do you have a model number or just the serial number plate?
No model number, only the serial.
I found Rustoleum Smoke Gray to be an almost perfect match.
Perfect. Thanks I will be ordering some today.
The spindle bearings are New Departure 88100 bearings with a special notched inner race to fit the interchangeable spindles that were used in that drill press. The ND 88100 bearings haven't been available for about 30 years; however, there is a guy named Jim who is making very good and reasonably-priced replacements using modern bearings fitted with a custom-made sleeve for the inner race. I don't know if Jim is a member here, but he's a member of owwm.org (old woodworking machines group). Can't remember his last name.
Hi Jeep and Thanks. The bearings are New Departure 88100. They are still in good shape, because the drill was in super low speed mode most of its life. It is not the hard to remove the spindle so I might just clean/lube everything and put it back together for now. I will try and find Jim to get some replacements ordered. Never know when my grand kids are going to need them.
That hole provides access to a set-screw in a collar which holds the interchangeable spindles in place. The collar both locks the spindle in the quill and provides positive spindle drive by means of a tab that fits into a corresponding notch in the inner race of the upper spindle bearing. Same thing happens at the lower spindle bearing with a fixed collar on the spindle, just above the chuck. Look at the top of your removed spindle assembly and you'll see the set-screw collar on the spindle at the top of the quill.
Not sure if this is the same hole. I included a picture above.
I believe this is the set collar that you are talking about on the spindle assembly. I read you can bang the chuck off, but it would be nice to confirm it. Maybe its just dirty, but I don't see any setscrews in the thing above the chuck.
good find, and no arc of shame either, this resto should be quick and easy
Hi Gilbo. No ark of shame, only one misplaced hole right off to the side of the main hole. Quick And Easy

not so far.