Hello Scaron, Welcome to the Woodhaven
Well, I think you came to the right place to ask, does it look anything like this one out of my catalogues?
I personally suspect that C.D. Monninger didn't actually make their own machinery and that they were bought in from a different manufacturer, although I could be wrong, the people who would know for definite are
long dead.
So to your machine, generally for cutting wood you want the rim-speed of the wheels to be somewhere between 4000-5000 feet per minute, which on 24" wheels your circumference would be 75.4"
4000 x 12 = 48000 inches / 75.4 = 636RPM
5000 x 12 = 60000 inches / 75.4 = 795RPM
So realistically you want your wheel RPM to be about 650-800RPM for efficient woodcutting, so realistically your 8-pole motor would simply need a 10" flat pulley to achieve about the right speed at a 1:1 ratio, it should be powerful enough for the job if you have a three-phase supply.