I have to admit I'm not a restorer, I'm a user. While I deeply appreciate machinery and tooling, I appreciate them for form and function over esthetics. I've got a job to do and love it when the right tool comes along. This old Atlas shaper was more of a rescue than a conscious purchase. It was all there including the vise, tool holder and most of the guards(missing only the motor belt guard which was obviously broken off in some kind of mishap which I couldn't see when I first saw it) and was too cheap to pass up.
It was filthy from decades of sitting but was also obvious that whoever used it originally kept it oiled. So it was that film that is oil and dust that is actually a great preservative of good machinery. And it was not stored outside thank goodness. It just has needed a really deep cleaning with kerosene, wire brushes and hand cleaner. I get the feeling over its long history it's been through many hands and some who didn't know what they were doing as far as how to use it or adjust it. It has been either crashed and broken the ratchet box or an adjuster came loose and crashed the box, as it's been repaired. There's been other forensic signs of past abuse possibly in transport. I seldom buy new machinery so every new to me machine is a revelation.
Thanks to Lou and his careful documentation not only was I able to observe what I'd be getting into if I needed to go into the guts of the motor, it also helped me ascertain if it was worth it. Not every old machine or component is worth the time and energy. But I could see this was and I'll trade some elbow grease and swapping out a component (the start cap) for the possible mess of adapting something new not to mention the expense.
I'm glad I found this post as it's also turned into a goldmine of info on the shaper archived on the site and made me become a member.
P.S. Look up cloth wiring, I was floored to find out it's impossible to know whether it's asbestos or not as it was widely used. I was just trying to help date the machine possibly through the fact it was cloth insulation and stumbled on to it. As with like anything like this as long as it's OK, not falling apart and I don't need to mess with it, I'm good to go.