How do I slow my winch down?

I'm sure this thread will bring some interesting comments:)  

     I purchased a Harbor Freight electric winch (440/880lbs) and 
mounted to the bottom of a lolly column in my basement to pull my 
engine-less TR6 up a step from my garage, into my basement.  Only 
problem is that it pulls a little to fast and was wondering if there's a 
way to slow it down without using a pulley arrangement as I wouldn't 
have enough cable.  I know there's not much LBC content but you guys 
seem to know everything.    Thanks for any help.   John Mitchell  76TR6