[sc_rufctr]

I'm absolutely certain there are people who live near your father that would pay good money for a vintage lathe like the one pictured.
Please ask him not to just scarp it. Get it outside, give it a good power wash then dry and oil it.

They have a real following among the amateur machine shop operators because the new options are generally Chinese or Taiwanese made.
A professional Asian made lathe is good but you have to "complete" a cheap hobby lathe. (re-scrape the beds etc)

The one really good thing about your father's lathe is that it's not big. It looks like the perfect size for hobby use.