This could be an operational machine with some
fairly large amount of effort. As to the question
of, should you part it out, that sort of depends
on what you are into it for.

You will not get too much for it, parted out on
ebay. The compound slide would be the single
most valuable part and that is honestly in rough
shape.

The entire lathe could make a winter project for
you.

I cannot tell if it is a seven inch or a nine
inch from the photos but a quick check with
a ruler will answer that one. The s/n as
mentioned is right under the spindle, on the
front of the headstock. If painted over it
will be tough to read but it will be there.

Because it was made in chicago rather than
elmira, that puts it before a certain date (that
larry would be best to declare for certain)
which is around 1930 or so.

Jim

Jim