You're probably adverse to this suggestion but why do you not purchase a chinese (the red ones with rubber barrels) from Harbour Freight so that not only are you able to mill things whilst in the process building your own ball mill you can also look at the design of the commercial mill with your own hands?
Google Harbour Freight or go to http://www.harbourfreight.com and search of rock tumblers- you can get one for price + P&P for £35 max. Expect a 2 week wait for deelivery, if you do not have the debit card to purchase the mill then sign up for one from HSBC (you just need a passport ID and your parents/guardians signature) or get your parents to purchase it (assuming they know of your hobby).
This sounds like the best plan. Even with the tips given here by a few people,contrary to what you say, you don't seem capable of figuring things out on your own and building a mill yet... Buy a ball mill and get started. Then continue reading/researching and build one later.
PS: A grub screw (also called a set screw) is how pulleys are usually locked onto shafts (rods)