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Default Craftsman/Dunlop '49 6" Lathe Chuck Mounting Problem

The plate the chuck mounts to is not perpendicular to the shaft axis.
What is the best way to fix this? Hammering it back doesn't sound
like a good idea. I thought about taking the shaft over to a machine
chop, bolting a plate to the existing plate, then getting that adapter
plate machined flat, then tapped for the chuck.

Any other easier/cheaper ideas?

I am a beginner with the hands on operation so please use simple
words without too many syllables....

One other idea was to fabricate a different chuck mounting in
order to use other brand of chucks. Is this a waste of time too?

A brief history:

I've been saving up for a "real" lathe but do not plan on purchasing
for another year. I've been on the lookout for a small bench lathe
in order to practice with in the meantime. At a local swap meet last
month someone brought this lathe. At least it looked like a lathe
under all of the dirt and grime....

But all of the screws felt tight and I couldn't feel any play in the
bearings. What the heck. It was only US$25 and the motor alone
(1hp GE) was probably worth that much. Plus if nothing else I'll get
the education from tearing the thing apart and seeing how everything
works.

A month of scrubbing, a gallon of acetone, plus paint grease and oil
and the lathe looked pretty nice. I took it to the local club meeting
and whereas before when I purchased the comments were composed of
advice about getting some chain to go along with that boat anchor now
many were asking where I got such a nice little lathe g.

So I was happy until I started trying to actually machine something
today and found the above mentioned flaw. The chuck must have taken a
pretty severe whack at some time in its past. The shaft looks
straight, it is the mounting plate at the end that is not square as
best that I can tell.

Gene Horr
my name as one word at texas dot net