Papec. apparently stands for Pneumatic and Propeller Ensilage Cutter. The company started in Lima in the Finger Lakes region of New York around 1900, basing their business around a patented ensilage cutter-filler from the Paris Plow Co., of Paris, Ontario. When the factory burned in 1911 they moved to the former Empire Drill company factory, (Seed drills, not drill bits) in Shortsville NY. They built almost exclusively forage equipment until they went out of business around 1980.
According to Vintage Machinery, at some point they made a grinder arbor- which must be what we have here.
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