Themac still exists as a company. You can buy belts and parts from them. (edit,I see you have already found that out). You need the extra pulleys for it to get several different speeds.
VERY IMPORTANT: remember to NOT run the larger,3" or 4" wheels at the top speed. Run them at the lower speeds if you don't want them to violently blow up in your face. The high speeds are for the small size grinding points for internal grinding. They are held in a collet,which you do not seem to have. It is easy to forget how you have arranged the pulleys,so be alert before you switch on.
You do not have several of the necessary parts,including the wheel guard. I got mine new,but wanted a longer collet for grinding deeper holes. I made one. They screw on over the male thread on the end of the spindle. It is imperative that the collet runs dead nuts true. I got mine dead true by turning or grinding it in situ,but I can't recall how I did that. I drilled the hole for the grinding points last. No matter how true you turn them,they will not run true when going several thousand RPM. They have to be ground or turned down while running. Partially due to different density in the steel bar making them not run true at high speeds.
This can be dangerous,so be careful,and keep your face out of the path of trajectory the collet shaft will take if it lets go.
No doubt buying a new collet will be expensive(as all the other parts may be!) These units cost,depending upon size,over $2,000.00.