Nice little saw. Great that you got it from your F.I.L. I think you'll be real pleased with it. Will be neat to see you clean it up and restore it.
Funny coincidence, I picked one of these little saws last week at a yard sale for $5. Just a tiny bit different, the logo says Delta Milwaukee. It's sure a nice little saw, and amazingly heavy for the size. Mine was on a homemade stand with a washing machine motor, so I immediately dismantled it, and gave the stand and motor to the thrift store. I'm going to devise a quick mount system to mount it on my workbench to use it, and take it off and shelve it when not in use. I just need it for occasional use to cut out gunstock blanks before duplicating them.