Hi Steve, great to see it coming along, you could always try using a heat gun /torch, I got great results on of my past restorations using this type of equipment, the burnt paint literally fell, and I then used some fine wet and dry to remove any remaining residue.
I think the hole in the top could be a cause of fragmentation, but either way hat's off to you for attempting to restore it back to it's former glories. Incidentally I have a Fixed bale Schuleter and there is no sign of the big "S" or a heat stamp
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