On Thu, 11 Apr 2013 18:26:04 -0700, Jeff Liebermann
wrote:

On Thu, 11 Apr 2013 18:12:39 -0700, Jeff Liebermann
wrote:

Incidentally, I failed to find a schematic or wiring diagram online.

I found the shop manual. It shows the PCB details but no schematic.
Check if it's wired correctly.
http://www.hougen.com/downloads/drill_pdf/904/OM9041208.pdf

Some photos of a similar drill, in case the wiring isn't clear.
(What a mess):
http://www.compusyssolutions.com/2011/04/hougen-power-feed-magnetic-drill/

--
Jeff Liebermann
150 Felker St #D http://www.LearnByDestroying.com
Santa Cruz CA 95060 http://802.11junk.com
Skype: JeffLiebermann AE6KS 831-336-2558