Found this in Trash in the Hood...1950's?

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I just posted the serial #'s for this bike, but was able to get a picture. Here she is. Have no idea what it is. Found this out in the trash in the hood. Serial # on the hub are: M.D. R224x51, 552622. Head badge is square, but you can' t read what it is. Please help me identify what this is. Thanks for your time...

PennSt.jpg
 
It's a Murray built bike. I think the x in the serial might mean it was a Western Flyer, which did have square badges around the late 50s-early 60s era. -Adam
 
I think you are right. I think I misread the "MD", which I now think is "MO", for Murray, Ohio. I think it's a 1959 model. Is this worth restoring? Thanks...
 
Cool looking bike....probably not worth restoring ??? but work to get it street worthy and spray it down with olive oil or WD-40 and ride....Let me know

Here's one of mines

oldbike005.jpg
 
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