No expert but experienced...
Doug Leite
>Bubba,
I have never seen one of those lathes, but I have a drill press with the same sort of drive.
Here's how it works. Both pulleys are of an adjustable width nature, which allows the belt to move up and down through the different diameters created as the width of the pulley is change.The handle is attached to one of the pulleys by a fork. This pulley is forced to change its width as the handle is rotated. The other pulley is simply spring loaded to move in accordance to the other pulley.
My guess is that the main pulley, or both, has some sawdust on the section of the shaft that was exposed when you last used the machine, and has since dried and hardened, thus preventing movement over the full range.In my case, it would also possibly be caused by rust, due to our constant high humidity(rain).
I would think that a good cleaning and some lube should take care of that.I use LPS non oily lube. Should be no problem for a fellow ex-Drag racer.
Aloha,
Doug