Peace,
I found your method to work the best. Got a box of toothpicks and a box of cotton swabs and picked at all the crap around and in the rivets of the belt. Worked great!
QUOTE(Peace @ Jul 14 2009, 06:05 AM)

Bluedevil,
I wouldnt do what you suggested.
From my 'albeit limited' experience with 60+year old leather, it seems most leather items develop this type of 'verdegris'. I believe it develops from a reaction between leather and brass, leather containing natural acidic tanines. I have seen NOS leather with this type of waxy substance, used items with this substance. Items that were never oiled seem to have less of this substance. Since oil, all leather oils degrade over time, and become acidic to some extent, I believe the acidlevel in the leather to be the main factor to be causing this reaction.
The best treatment in my opinion, is to certainly remove the verdegris, by means of a toothpick & dry cotton cloth. I try to avoid rubbing it off, to avoid rubbing the green crap in the pores of the leather. I lift it off with a toothpick and pick up what is left with the cotton cloth. This takes an awfull lot of time, but its the least invasive way of removing this crap.
In time the verdegris eats away at the brass too, and it makes stains on canvas wich are virtually impossible to remove, so it has to come off.
It can come back too. I think the environment it is stored in plays a great role in this. A controlled humidity/temperature works best I think.
I would not soak it in vinegar, you dont know what it could do to the leather longterm. I would not use brass brush, it could damage the finish on the leather.
Leather stiffness; in short, dont do anything. You can get the stiffness out somewhat with various leather dressings, but they all contain some degree of oil, wich as said before, degrades over time, the oil becomes acidic, wich is bad for leather. Some products claim theirs does not do that, I tend to stay on the safe side here, and do nothing. Oiling is irreversible.
Hope this helps a bit!
Stijn