I would almost bet it has water in it too.
How did you verify it had no water inside ?Did you dismantle ?
yeah, 50-60 gets it just warm and good time for a break anyways
for those looking to do the motorized conversions , I think the cheapest way to get started with a motor , that already had a pulley and some gear reduction is actually taking the drill head off this ( i happen to own one which sparked the thoughthttp://www.harborfreight.com/8-in-5-speed-bench-drill-press-60238.html