Eugene, yes I have a 1937-ish M-type that is my only lathe and in regular use.
LH thread is simple enough. On the Drummond it is a square thread, not Acme. I made a "bobbin" for mine in the Drummond itself. Being an 8TPI thread you run the same size gear on the mandrel and on the leadscrew. I think I used a pair of 40 toothers. then by running one large idler gear between them (70T etc) you get the leadscrew turning the "wrong" way so the carriage moves away from the headstock when under power. No need to use chaser dial etc.
The thread is 8TPI x 3/4" diameter. So thread width and depth for a square thread is worked out as: 8TPI = 1/8" pitch. Pitch includes one tooth and one "valley". Therefore the "valley" you are going to cut is 1/16".So I ground up an internal boring bar toolbit to be .064 wide — allowing .002 working clearance. Toolbit is ground up much like a small parting tool. Flat on top. Relief angles on front and both sides. The leading side (right hand when looking at it in place on the lathe) needs extra clearance to clear the helix angle of the thread. Check your toolbit in the thread on the leadscrew to make sure it fits and has clearance.
Internal diameter of the bobbin is drilled then with a small boring bar opened out to .625" diameter (3/4" minus two thread depths of 1/16". I added a bit of working clearance and bored mine to about .630" diameter.
Then I mounted the square toolbit in the largest boring bar that would fit in the hole and still allow a little over .062" protruding. About 7/16" diameter IIRC.
Now the tricky bit. Being a lefthand thread, you have to wind the tool in to the hole right to the back until it comes out the other end of the hole, nearest teh headstock. Then with lathe in backgear nice and slow, wiind cross-slide out gradually until tool just kisses the bore of the hole. This is your zero setting. Mark it with a felt pen. Finished thread depth will be .062" out from this.
Start the lathe. Wind cross slide out say .005", engage the dog-clutch and take a cut. When the toolbit appears out of the righthand end of the hole, disengage dog clutch, wind tool back in PAST the zero point, wind carriage back to the left until toolbit clears end of the job. Wind cross slide back out to the zero point, this time plus, say, .010".
Repeat repeat repeat etc until you have wound the cross slide out to .062" past the zero point. I added a few thou of working clearance here too.
Ideally one should check the thread for fit by screwing a piece of leadscrew into it at this stage. I did not have a spare leadscrew, so added the tad of working clearance to all dimensions to be sure it would fit. As the nut is to be cut in half using a hacksaw (after marking up by running a lathe toolbit up the length of it while still chucked up to scribe a guideline either side) radial measurements are not critical. Main thing is to make sure the width of the threaqd cutting toolbit is a couple thou wider than the thread on the unused part of your machine's leadscrew. (the far right hand end). If you make the toolbit too narrow, the resulting thread will never fit on the leadscrew.
Whew, a lot of words, but a simple process really.
Have fun!
PS, long bed eh? Nice one. No more jagging your hand on the live centre while taking jobs in or out of the chuck.