Back from lunch. I had one of the reverse wires to the switch backwards. The 2 switches are mounted with one having the lever up and the other with the lever downwards so the terminals are opposite. I changed the wire to the correct terminal. Still does not work right, but will run in reverse. Now when I turn the power on the lathe will start in reverse with the lever in neutral. When running in reverse, if I move the lever to forward it will stop and change to forward like when the panel is used for direction control. When back in neutral the lathe runs in reverse. No stopping for neutral, either forward or reverse.