I guess being old indicates that something only has a limited existence. Anyway... I got the bike put back together. It's been ridden for over a year without maintenance. I've re-greased the hubs and headset. Had the freewheel taken off, cleaned in Petroleum and soaked in oil. Put on a new chain.
1988 Kildemoes, immortal?
I tried getting the bottom bracket taken apart, but the cups are stuck. The bearings have some play and I fear this will eventually be the death of the frame, if I can't adjust them.
Anyway, the bike's rolling again. It gets Anne from A to B and back again.
I think I had some more thoughts, but oh well. There's some bad Christmas movie on TV and Laphroaig in my glass.