There appears to be rust.  The engine turns over.

“I have been in the process of getting this jeep restarted. It has a good engine which turns over well with the new starter and battery. It has new plugs,wires, distributor, voltage regulator and a completely rebuilt carburetor. Tow bar, whole drivetrain (both axles,tranny, transfer case & drive shafts appears in good condition. Front Grille and body is good rear body is rough. I own an automotive shop and don’t have the extra time to spend continuing this project. I’d like to find a good home for it. It has original radiator, oil filter housing, air cleaner (oil bath). It has a new key start switch and coil. Email me with any questions. $1100 or best offer. I have over $1500 in it. Thanks for Looking!”

http://atlanta.craigslist.org/eat/cto/3186490987.html