I am missing the needle clamp so I can't actually use it but I replaced the belt and cleaned it all up and oiled it and she runs! My only concern is, the light dims to almost nothing when the motor is running. Is there anything I can do about this? BTW the bulb in the light fixture still lights! It must be from about 1950.
Let me see if this youtube link works to a little 3 second video of it running.
http://youtu.be/QYsHEkgr4vs