I've had/played three '47 Blackstones, and they've all been superb sounding instruments. I'm guessing your '49 will be too, once you've made the repairs. Replacing a trussrod is a significant repair, given the fingerboard removal. BTW, I have a Facebook page, David Richard Luthier, where I post photos, descriptions, and videos of instruments i've repaired, including many vintage Epiphones.
There is a website, 'The Unofficial NY Epiphone Registry', which is extemely informative, and an excellent compliment to the book cited by Steve Rosa, 'The House of Stathopoulo'.
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