This is an Ugh-Lee 10" swing bit brace made by Peck Stow and Wilcox, better known by its later name, Pexto. If your initials are LB, it's perfect for you, because they are clearly carved out on the cap and the handle, which I think may be cocobolo. The chuck is ok, and it all works ok. The ratchet works fine in both directions. Somebody painted it an awful mustard color, and it doesn't look like a Powermatic. It's free, but you'll have to pay shipping, which will be $10 or less, depending on whether it goes in a flat rate box, or if it can go cheaper via parcel post. First PM will get this beauty.