drill the spindle through to the other side and tap it with 1/4-20 and clamp it like this
http://johansense.com/bulk/taig/ER-16spindle_mod3.JPG
http://johansense.com/bulk/taig/ER-16spindle_mod1.JPG
http://johansense.com/bulk/taig/ER-16spindle_mod2.JPG