"Can you point out the holes you’re talking about?" You don't need to Pretend' B/C most people have no clue, and I had doubt you'd get that too except, if you began hunting for holes in the frame. It's a bit tough but maybe can point it too U in your 1st photo. Go to seat, less than half way to the center of it, below there's a thinner tube, part of the whole frame. In photo that tube has tire behind. at that spot there's a black dot. I believe the dot is the hole. That smaller tube is called the rear stay. B/C there appears to be a hole (black dot) in the stay then, there's probably another hole on the other side too.
Replacing 'it all' just follow the examples shown and begin the hunt here in items for sale, or posting wanted ads, yard sales, bike swap meets and Ebay are sources.
Look on the bottom of the round cylinder, that is your crank case referred as a bottom bracket or BB, where pedals are mounted is The crank. the cylinder is called a bottom bracket (BB). There are serial numbers stamped into it, bottom side. post the letters and numbers and somebody will tell U the date which will be anywhere from 1946 too 52. With that, you can search the exact year and find plenty descriptions and illustrations., new old, ugly and pretty B/C a DX is quite popular and common.
Troll around in searches here too, Topics in search would begin at (Your date) "19?? and the model is called DX. presumably it's '1950 Schwinn DX' There's a good search engine here with results of information, photos and catalogs various means of cleaning, polishing and restorations. tons of good stuff and folks "Welcome to The C.A.B.E." all to glad to assist.