I am still on to this. In fact, the size and everything about this bike I like except for the rust! As I said in my last post, changed wheels and tires, and a cassette that was on the other wheel. All that worked out nice. I rode the bike on my regular commute..Now, to start working on the bike. I adjusted the seat, tried at the stem too. A little tight, but as a poster suggester I will hit it with a rubber mallet and go from there. The front brakes were lopsided and rubbing a little. Okay, I tinkered with the front brake per videos on the internet, stopped them from rubbing. Now, I went to fix the lopsideness. Not working out too well, and a little rubber piece fell off. I had taken off the front brake pads, cleaned them off, and put them back on.. Right now, I am stuck with the little rubber piece that fell off, and I don't know whether to chit or go blind!!
Going to let it stay just like that until I can get somebody to show me what to do. I don't want to mess this up. If I can fixed the brakes, put something on rust spots, maybe some touch up on other spots, I am going to ride this bike, plus use it for a teaching platform. As some one has already mentioned, here I am with about 8 bikes, and can bareley change a flat. Can't do any wrenching.
No matter, I am sticking with it.. Here is the bike on the stand now, and where it will stay until I get those brakes fixed.