If you can remove the tailstock quill and pour break fluid down the shaft let it sit and penitrate you can also use a heat gun to expand the metal and tap it with a brass hammer to help loosen the parts. If this was/is not a self extracting system there would/should be a slot to insert a removal key. When (if) it is removed insert a 3/8 x 1/2 slug prior to reinserting the center. Be sure to clean the inside and remove all the rust.
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- Old Delta tailstock.....