Ken, the best book on the subject is "How to run a lathe" by South Bend, This has appeared over several decades and pick one that is closest to the year of your lathe. Even if you don't have a South Bend it will tell you everything you need to set it up and turn, mill, taper, thread, bore.

It is perhaps the best "how to" book I've seen on any subject.

Enjoy the lathe!

Note added in edit: The book is a paperback and quite cheap - new or used.

Last edited by Gnomon; 03/26/14 04:29 PM.