When I spotted the old post drill at a flea market, I noticed the vague resemblence to the Cole Drill, and I had to find out how well it would drill steel.
I wasn't disappointed. I was completely surprised to find out how many machine manufacturers were making them, back into the 1800s, when I started searching for info about them. I think they were very popular in rural areas. Mine doesn't have a maker's name on it.
My guess is that there are probably quite a few Cole Drills sitting around under benches or hanging from a rafter, except no one realizes what they are. One guy in a forum commented: everyone around here used to have them.
Here are a couple of earlier posts I made about the post drills:
(2005) I have one of the old post drills, but it doesn't have any pulleys for lineshaft drive. There is a flywheel pulley with a rough cast V belt groove in it. Mine is a 2 speed model (manufacturer unknown), and the operator moves the handle from one side to the other to change speeds.
If you haven't drilled steel with a post drill before, you'll be surprised how well the power feed works to make holes quickly. It operates somewhat like the Cole drill, except the post drills aren't as rigid, in that the table column isn't an integral part of the upper frame (the post drill column is more for just positioning the table).
(2006) I also bought one of the old post drills at a flea market, several years ago. I don't have any info about your particular drill though. Goog search term "post drill" with quotes
The designs of various models go back to the 1800s. I wasn't able to find out any info on my drill, since there are only casting numbers, but no company name.
They're very nice primitive machines. I was surprised how well they drill holes in steel. Another surprise was that the spindle runs true. I turned and threaded a drill chuck adapter/arbor on a lathe and installed a 1/2" Jacobs chuck, since the spindle just had a 1/2" straight socket with a set screw for holding drills. My drill has two speed ranges, with one handle shaft acting as a back gear drive.