Paul,
Your frame is almost 60 years old. How rusty is it today? Is it falling apart? Is it collapsing under its own weight because so much metal has been lost it's paper thin? If you look at this stuff in perspective you'll find that these frames have lasted this long with a cursory coating of cheap paint when they were new so don't sweat it.
Rust needs moisture and oxygen to "grow". Deprive it of either or both of those and you will have no rust. However, factoring in that the air contains moisture and oxygen along with the fact that there is probably already rust between every two pieces that are riveted together all of this hysteria over how much money and time can we spend to "preserve" a frame seems a bit over-the-top to me.
If you really want to treat your frame so that you reduce the possibility of it ever rusting again, drill out every rivet until you have each piece separate. Sandblast each part, apply several coats of paints, put it all back together and keep it in a climate controlled room where it can be admired for generations to come. Or you can take reasonable steps to minimize rust, get it on the road and enjoy it.
The reason the word enamel is caps and underlined is because it's a hyperlink to a photo of my frame which I scraped, wire brushed and painted with Rustolium enamel.
