A small, precision drill press - probably from the 1920s or 1930s - and manufactured by the Meepos Company of Los Angeles California, a gun maker.
Like others in this class, a motor was fastened to the bench behind the drill and a round "gut" rope used to drive the spindle, a pair of adjustable jockey wheels being used to guide the belt around the spindle pulley. The designer must be applauded for his efforts; the long operating lever acts directly upon the end of the spindle (no need to cut a rack into the back of the quill) and with just an ordinary expansion spring used to provide a return action. He has also incorporated a used screw-thread-adjustable depth stop. The paint finish might be a "crackle" black, once used by many makers of high-class equipment to denote a product of better-than-average quality.
Makers of this type of lightweight, small-capacity drill press all appear to have strived to construct a unique design, with examples including the Cameron, Champion, Baby Grand, Baldwin, Dixi, Dumore, Hamilton, Hauser, IME, Micromeccanica,  Oldak and Apex, Paco, Progress No.10, Ruka, Schaublin and WA-CO..