Since Candace mentioned the home made guide, I also make one.
I use a 1/2" dowel rod drilled to slide down on the original spool pin. Then I put a spring for a clothes pin on top and use that.
Here's a pic of my widget set up on my Alden:
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Thread comes off the cone on the stand, up over the hook, through the widget, then to the thread guides and down to the needle. I've used this set up with many of my machines and it's worked great.
Joe