I would like to thank y'all for your comments and advice. The bike needs serious sanding and painting ( the brown metallicy looking paint is awful!), and a wheelset - maybe I'll come across some in an alley or something. Might not have to put too much time in it, and then I'll have a cruiser to ride on when the wife and I ride take a spin. If all else fails I will sell it to a local college kid - they always seem to need transportation.