Linseed Oil
Not speaking as an expert on taking care of historic firearms, but as a woodworker, do some research on linseed oil before using it. Raw linseed oil is a major PITA. Boiled linseed oil is easier to use, but is still a very labor intensive finish. Linseed oil has some inherent drawbacks, and it's good to know what they are before starting.
Finally, as a safety note - if using boiled linseed oil or any other modified oil finish, make sure to dispose of the used rags carefully. They are a major source of spontaneous combustion fires. They should be spread out to dry carefully, or otherwise disposed of properly. DO NOT leave them bunched up in a trash can or anywhere else.
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