You question 'Fantastic Find'?
In my book, my friend, any original machine that has had a Battleship-Load of Repros made of, is indeed a Fantastic Find,
regardless of a rotted wood base. Being as your friend has graced you with a base, (original, I hope), you are home free.
I have confidence that you will be able to get all the loose seams glued, and work with the patina of the wood, and be
able to save the stenciling, and even the decals, which are in better shape than most machines. The original paint is also
better than most. A very light washing, (no scrub-brush), in soap and water can save many an original paint job, as long as
it isn't turning to powder. You can highlight the castings with a fine steel wool. Don't try to buff, and get compound in the
groves. For the downside, the plated items are a tough call, as the handle looks the worse. The award card frame may be
savable with some chrome polish. On the plus side, the mechanism looks to be in exceptionally clean condition. Even all
the springs look good, and the reel strips are also presentable, with maybe just a tad of light cleaning. You are a very
lucky fellow, to find a machine that can be saved as close to original, as this one. Good luck, and keep us updated. I love
seeing these kind of projects.