Part in on the tail stock end to about 1/8" or where ever you are comfortable and part off from the other end. Cut off the waste.
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Now we have the handle and ferrule ready for assembly.
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Over at the drill press the handle is drilled with a hole the size of the nail to be inserted, in this case 3/16". A depth of 3/4" is sufficient.
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The head of the nail is removed by grinding or cutting in some fashion.
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The ferrule and nail are mounted and held in place with a drop or two of medium CA. The glue is likely not necessary but it can not hurt.
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