Terry, Modern Tool / Standard Modern has been around a long time. They built lathes as well as other machinery.
I missed out recently on a great deal on a small milling machine. It was an Excello (XLO) made in Canada as well.
My father was one of the best Toolmakers around and he passed on some of his knowledge to me. Wish I had him around now to teach me. One thing that always stuck was to buy quality. That's why I opted for the Southbend lathe and will keep my eyes open for a XLO or Bridgeport for the shop.
I inherited Dad's precision tools so that's one less thing to worry about buying!
Here is a picture taken after a couple hours of elbow grease. I also got the motor drive, a box of tooling and a cabinet stand/bench. Don't think it's too bad for $500
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