55 Years ago, I used to hang around a Welding-Machine Shop, and learned a lot of Tricks of the Trade. Most of the Machinery was powered by overhead Belt System down to the Tool being used. Powered by 1 large Electric Motor, each Lathe, Drill press, Grinders, Power Hacksaw etc. had a Clutch to engage, with a large Lever to the overhead Belt to run each machine.
An old time Machinist showed me how check for Straightness of Axles, and Round Bars such as a Tie Rod. They had lengths of Angle Iron that were Known to be Straight, and were checked often by using a Master Straight Edge. They varied in size from 1/4 in to 4in.
If a Tie Rod was to be checked they would use a piece of 3/4 or 1 in, you could see where it was bent by looking down the side of the angle over the top. To straighten a Tie Rod or Axle, some were done Cold, some they would heat it in Coal Fire, then into a Vise with 16 in Straightening Jaws. If the pieces need to be Hardened they used Water and or Oil bath.
Here is a link to a video to a Old Time Over Head Belt System, similar to the one I hung around at.
http://www.youtube.com/watch?v=CE-j7TEVX2U