thanks for the comments guys.
to those that are against restoration - does that include the suggested WD-40 / 0000 steel wool, just to clean it up a bit?
I wouldn't go any further than that, but it seems to make sense I try to get any surface rust off before laying down a nice lube, no?
I'm taking it to a smitty next week and he will clean the internals, inspect, and make final judgment on its soundness. I'll be bringing a Browning A-5 factory rebuild kit with me so he can replace any springs or rings as needed.
edit: oh yeah, I think I've finalized my research on age and have concluded 1912 to be the manufacture date. Pretty cool.