The "Sypher" Manufacturing Company (later Syper-Arcon) were based in Toledo, Ohio and made a variety of band saws, scroll and jig saws, bench saws, a small bench drill, a grinding head and a range of simple, small plain-turning metal and wood lathes. Even the company's top-of-the-range lathe lacked screwcutting and had only a  simple compound slide rest, moved along the bed under power by a belt driving directly from the headstock to a large pulley on the end of a leadscrew. Because the apron carried a "full" nut, permanently engaged with the leadscrew (and without even the luxury of a dog-clutch to disengage the drive) there was no possibility of fitting a quick-action rack feed and, with the power drive permanently engaged, the operator was left with something of a problem as the cutting tool approached a shoulder.
Although the headstock casting suffered from an exaggeratedly-narrow waisting below the line of the spindle the individually-adjustable, 5-degree taper bronze bearings (and the No. 1 Morse taper spindle itself) were, for an inexpensive lathe, well designed and of generous proportions.
All Sypher lathes carried a "trade-mark" design of tailstock with the two clamping bolts positioned fore and aft down the centre line of the flat-top, planed-finish bed.  The tailstock, like the headstock, was properly constructed with a No. 1 Morse taper, self-eject barrel which was locked by a decent two-part compression clamp. Whilst the Company's wood lathes had beds fabricated from steel angle sections, all the metal lathes appear to have had their made from cast iron - although the proportions and weight were hardly generous.
A range of useful accessories was offered for the lathes (based no doubt on the company's stand-alone wood machines) and included a sawbench, bandsaw and vertical-milling slide.
Unfortunately, precise dating for these lathes does not exist; however, the inclusion of both flat and V-belt drive machines in the same catalog would seem to put their date of first manufacture some time between 1929 and 1933..