Raymond, Not the usual lathe spindle problem. More often it's threaded and solid and doesn't sport a taper. Your thread is an interesting balance to "Is lathe X a better buy than lathe Y or Z?" Can you post a pic and more description?
Not waiting for a pic or further description here's some random thoughts(?) that might not apply to your lathe: I wonder who made it. Was it manufactured or bespoke? It was probably built for between centers work and might not have a spindle, headstock, bearings or swing adequate for unsupported chuck & faceplate work. Might be best reserved for turning spindles.
Exs. Instead of sleeved or rolling, many old lathe's outboard bearings were just the spindle tapered to ride in an adjustable greased cup. Drive end bearings were often babbitt or shimmed halves leaking oil. Tapers weren't stardardized to Mr Morse's. Often the spindle's registering surface wasn't true and there was no thru hole. Of course, what I consider old, you likely consider ancient, tho I do own examples of each of these old fellows :)
A 2MT implies a spindle size adequate to consider having it threaded instead of using adaptors that extend chucks far from the bearing. Remember the register.
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Fortiter,
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