It was in miserable condition overall when I first purchased it, but thanks to some hard work and paint from @petritl , it's been in the land of the living! I had it out today for a short ride and loved it.
I climbed over my example in the workshop just the other day.
Happily, it was in much better shape than yours when I took it in.
Purchased at a garage sale in Moraga, California for fifty dollar about twenty yar back.
Not only an excellent buy but me exact ideal size as well.
The original saddle pillar on these is a model of Selle San Marco: