Looks like you need the leather belt to drive the spindle.
Buy a live center for the tailstock, not a dead center. When you buy any parts like this or a tail stock be sure that your get the adjusting "gibbs" also as they often get lost. and buy a taper attachment that attaches to the cross slide and rides on the rear "ways" of the lathe. Don't feed the tools or the rest/saddle into the chuck. That lathe is strong enough to seriously maim you if you get something caught in it or get a digit between the spinny parts and the non spinny parts.
I would recommend learning what crashing a lathe is and think about safety. I have a similar south bend from 1936 and I make spacers, bushings, tubing inserts to butt weld tube, and kludge customize fasteners on it. The guy is a retired shop teacher and does a good job. mrpete222 on Youtube is a great reference as well for anything old school machining related. I recommend finding some aluminum bar stock around 1.5" dia cut to 4-5 inch lengths or so to start with. Machinery's Handbook is a good higher end reference, or if you can find a good old textbook from shop class it will help get started. Just get some Aluminum, do some reading/youtubing and make some chips. Most likely you will have a good working lathe that has a worn bed and some play in pretty much everything else. If everything works, then you have a great lathe to do small stuff and learn on. I would get it cleaned up, set up, and see how the bearings and bed are. I wouldn't get too spun up about the parts, as you don't know how well it works yet. There could be a lot of parts and tooling you will need depending on what you want to do with it.
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