In a speed control system for an electric motor (24) including a power switch (25) connecting and disconnecting an armature of the motor to a power source (21) from which an operating voltage is applied, a comparator (50) having a first input to which a motor coasting signal voltage is applied, a second input to which a reference voltage is applied and an output (52) connected by a duty cycle modulator (60) to the power switch for controlling the speed of the motor, the improvement residing in a signal monitoring device (30) having means for operation thereof as a linear voltage amplifier continuously following the voltage across the motor armature to supply said signal voltage to the first input and means responsive to the operating voltage being applied to the motor for cutting off the signal voltage to the first input, feedback means (51) connected to the comparator (50) for operation thereof as a bistable switch controlled by the signal voltage, and current sensing means (70) connected to the modulator (60) for preventing application of the operating voltage to the motor through the power switch in response to overload current in the motor armature.