early Phillips rod brake bicycle

[Siestabikes]

A friend stumbled upon this bike. Im wondering about model/year/info about it

 

[slowride]

I would start by looking at rear hub for date. If you look in lightweight section , you will see recent thread of SirMike's bike that is very similar.

 

[dweenk]

There may be a date on the backside of the crank arms as well.