SOURCE: Powermatic Band saw 143, when
Your powermatic band saw has a Magnetic motor starter. Since it is hard to find parts for the 143 you can remove the power and take the starter apart and clean the contacts. If that fails you can take it off and take it to a Electrical Supply Store and have them match you up with one that will work.
The way the switch works is when you push the on button it picks a relay that starts the motor and also has a contact the holds the relay picked. when you push the stop button it drops the circuit.
This is a safety feature to prevent the motor from restarting after a power failure until you hit the button
Hope this answers all your questions
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