Folks I appreciate all the responses! I do plan on restoring it. I know it will be a sloooow process as I'm fairly clueless about this type of stuff. But I love research and learning new things and want to do it right. There are some vintage bicycle aficionados in my area who can maybe give advice in a pinch. What are recommended books on maintenance, repair, or breakdown of these older bikes (if there are any)? There must be some good online resources as well.
I'll have to check the lock nuts to see if there's a stamp. Marley - thanks for the links and I'd say your bike is looking a bit better off right now - nice! Believe it or not I've already removed roll after roll of tape from this one.
I think the only person regretting time spent on this project will be my girlfriend.
L