That style of handlebar --it is upside down on yours-- is called a Lauterwasser bar; or is something similar to a Lauterwasser; and as Joe says it's characteristic of the 30's. The shifter mounted to the top tube is called a quadrant shifter and is also characteristic of the 30's (though they were put on new bikes until supplies ran out sometime in the 40's). It really looks pretty good to me; overhaul it, put a decent narrow leather saddle on it and maybe some white plastic fenders, and you should have a real classic.
There should be some interesting markings on the rear hub; Sturmey Archer, AW-8 or something like that... go easy on it! I'm looking forward to more photos.
Do you know were I could buy some of that stuff? What oil does this hub take. This setup functions more like a car with a clutch then a bike.