Okay, so I'm guessing you have the motor and coolant pump just hooked up directly to the mains through a plug? Did you use a 220v motor or 110v? Most likely what you have on the floor is a motor starter, switch, and I'm not really sure what the box with only one wire is.
Here's an earlier thread with some wiring diagrams if that helps.
I just bought an Emerson Bandsaw off CL. It has a 3 phase motor and I'm going to switch it to a 120/240V motor. Emerson's 3 phase wiring diagram has me confused. I would have thought there would be 3 line wires, 1 neutral wire and a ground wire. There diagram show Black, Red, White & Green. With...
www.hobby-machinist.com
Also an original instruction manual with some wiring stuff.
It looks like the blade, pump and bar feed motors are all 3 phase, have you replaced all of them?