Yeah! I got it running. It seems that there is some lag in the motor starting. Then it must have instantly jumped to its 5K rpm. I had not secured the motor well. It jumped off its mount and the fly wheel landed on the cord and in less than 5 seconds abraded its way through the 110 volt cord. No real damage was done and it is running fine now.
One final question: How does a 2.5 HP DC motor develop that much horsepower with a max input of 15 amps at 120 VAC?
Thank you very much for your help. Otherwise the whole thing would have ended up in the trash. Now I have to start building a belt grinder.
Randy