Guys, thank you for the opinions & advice but I don't think you are understanding where the leaks are. It is NOT the piping, it is the damned brass Lisle fittings that the hoses connect in to. The pipe is old and will see small rust particles from time to time go thru and it starts a leak where the small O-ring is. We have already had this discussion here about them, and it is not in the budget to purchase the $30 fittings (X 42!). The breaker is not on the way out of the shop either, this compressor is in the backside of the shop, and when employees leave, it is often overlooked simply because it may not have run for the last hour or so..
AND, shutting the compressor motor off does nothing to preserve the air that is built up in the tank. Remember, this thing only cycles every 3-4 hours due to air leaks now. I doubt spending $1,200 plus labor to save 2 compressor cycles a day would ever see a payout in my lifetime. Installing a $250 air solenoid to an electric switch is a good way to cure the problem now, and be a good "insurance" against a possible line failure when no one is at the shop.