On the other hand, it's a nice ladder braced all solid wood parlor guitar with 3-piece, beautifully aged spruce top, figured birch back and sides, birch neck, ebony bridge and rosewood (or stained mahogany) fretboard. Worth trying to save.
For the starters I carefully removed the already loose top. The back is still holding to the sides well.
The neck block was giving in to the pull of the strings, so I glued some support there. Here all the braces have been re-glued.
Three out of four top braces could be saved. The bridge brace had split and the string ball ends had dug themselves into the wood. So I took an equal thick cedar top off cut and inserted a piece of rosewood to the spot where the strings go through the top. Will take the next hundred years with no problem!
I added a very slim brace to support the lower bout area, where most of the glued cracks were.