Hello all. I'm the semi-proud new owner of a beat-up '57 greenie. I've been digging for the last few hours to figure out my next step, and finally decided to register to say thanks for all of the great info!
My machine has a broken belt and a lot of stiff bearings, but everything else looks like it's in pretty good shape. It also looks like the previous owner tried to remove the main spindle the hard way, so there may be a few issues in there as well]
Welcome to the farm!