Sir praaspn . . . .
With the minimal information you initially supplied to work with, just see if this supplemental info will let you get things cooled down again.
I found a fans relevant schematic wiring diagram that basicaly should replicate your unit after my making some alterations to it..
" the fan was running slowly and eventually completely stopped working "
That initially suggests that this is YOUR unit and not being a "curb find" that was picked up by you and then found to be failing . . . but you did not say how long . . . .months . . .weeks . . .days . . . .before the units onset into its non working state.
There could be two manners of the wiring in of the units
power on / off state . . . so I just offered those two options.
Look at the power loop that has to be made by my drawn in
BLUE ARROW path.
What I really-really-really THINK . . . .that your problem is going to be, is a one shot thermal fuse that opened when you experienced the units motor slowing down, with its conjunct thermal heating of the motor proper. It will be physically located down in thermal contact with the motor windings .
As you can see, the capacitor is just being responsible for giving the motor rotor an initial "
PUSH start " in the correct direction at power up. Then the run winding(s) take over.
There was reference to " bearings " . . . . . what I fully expect to be found will be a set of porous bronze sleeve bushings that have two felt pads nestled around them, that were saturated with oil back on motors day one.
Time has run out and the felts are now bone dry and after some run time friction between the motor shaft and bushings heats and expands the pair into a gradually incrementing braking action and ups the motors power consumption, along with a speed slow down. Generated motor windings heat has then popped the thermal fuse open.
In a no power applied test you can see that using your meters low ohms function , and the power switch placed in its on position . . . . . you should read the run windings resistance from blade to blade of the AC power plug.
So now if you find that to be the case, you can then jumper that open unit to be able to see if the fan will not overheat for a 15 min run test. Then,a 1 hr closely supervised test .. . . if no overheating . . . . you lucked out in not having shorted windings developed from insulation enamel breakdown. Shorted turns will zoom up the current consumption.
If all is well . . .cool . . . . then you source and replace the thermal fuse by its written on temp spec.
Thaaaaaassssssssit . . . . .
REFERENCING . . . . . .

73's de Edd . . . . . .
If the all things were fully logical . . . . it would be the MEN who would ride horses sidesaddle.
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