I use a battery operated shoe polisher and/or a variable speed drill motor or variable speed screw driver on my Forester trimmer/turner.
What if you rigged up a light switch/dimmer between the 110 outlet and the drill press? As with some ideas a handy fire extinguisher may be a thought, if the drill press motor is a 3 amp jobbie and the dimmer is like 100 watts /ubbthreads/images/graemlins/crazy.gif /ubbthreads/images/graemlins/crazy.gif