You are correct, reference the table adjustment mechanism. There was a crank to raise and lower it. We have a similar, if not the same, post drill mounted in our blacksmith association shop. Amazingly, the crank is there, and is always found laying on the table.
Hopefully the broken teeth on the inside of the gear do not keep you from being able to use it.
These are magnificent machines to see working!!
It's definitely still usable, just a bear to adjust! That table must weight 80lbs, and it's not in the most convenient place to lift it by hand :P
I think, that there is enough of the teeth left for it to still be usable... Only about half of each tooth is broken off, seemingly because the axle bolt backs out, pulling the gear with it until only a small portion of the pinion is in contact with the rack. So, a bit of locktite on the threads, and MAYBE I'll be okay for now. Though it will certainly need to be addressed.
It'd be neat if you could take a picture or two of said press! :3
Believe it or not, there was an electrically-powered version of your drill back when it was new, circa 1918! It was the 203E version; I'm guessing that yours was an "A" or "B". See the ad at http://www.ebay.com/itm/1918-AD-Champion-Bear-Bearing-Post-Drill-F202-F203-/150792422286?pt=LH_DefaultDomain_0&hash=item231bedc38e, lower left corner.
Oh awesome! That's the first documentation I've seen about this particular press! And now I know what that one rod that sticks way the heck above the reat of my machine is for... It was the weighted fly wheel for the hand cranking. Looks just like the wheel on smaller presses, I'll have to keep my eyes out for a basic champion press to see if I can't pilfer the wheel!
I'm guessing mine is the base model 203 though. It has the shaft for the cone pulley, even though the cone is missing, and has been replaced with a fixed size pulley. It's definitely for dual opperation, and doesn't appear to have ever had a motor mounted on it for the E type.
I should almost buy those catalog pages...