Does that bike have a coaster brake? sweet! my other traveler has a sturmey dynamo hub and I'm picking up another traveler tomorrow with a headlamp I hope to put it on this bike with the sturmey hub.

I have done a number of refurbishings, not restorations as I like the old paint, and have had success with a very similar routine as Pastor Bobs; scratch-x, cleaner wax, polish, polish. I do have a secret though. I cycle through terry cloth towels in the G-funk International Bike Shop and Country Club. and the second to the last stage of towels are used for the initial wiping. this towel contains a proprietary mix of oil, wax, wd-40, sweat, beer, chamois cream, bong water, gatorade, snot. basically your eleven herbs and spices of bicycle life. This works amazingly well. However on this bike I will be implementing another trial technique: Colored Wax. I had some leftover from some black car I had a long time ago and will give it a try on this sweet sugar mama. Thanks for the tips, but it really sounds like this bike is uber sweet as it is and after the headlight it might not need more. maybe a 110 cinelli stem for a better riding position? The paint on the bike is in really good shape it's just dirty.
we should start a black schwinn thread!!