One horsepower (HP) equals 746 watts. If a motor is rated at a true 1HP, that means it delivers 746 watts of mechanical power. Since single-phase motors (the kind usually found in consumer power tools) are never 100% efficient in converting electrical energy to mechanical energy, the amount of electrical power consumed by the motor is considerably higher than the mechanical power delivered. In fact, losses from heat, friction, etc., mean that a typical single-phase motor is, at best, around 60-70% efficient. A figure closer to 60% is more realistic for the small induction motors typically found in many home-shop power tools. That means a genuine 1HP motor requires roughly 1250W or more of electrical power to deliver its rated power. In short, you will need at least 10 amps of current at 125V, or 5-plus amps at 250V to realistically deliver a true one horsepower from your motor. This is a good rule of thumb to keep in mind.
Ross