Anyone have any suggestions on the best and cheapest way to polish older chrome that has light rusting?

I'm staring the restoration of a classic and vintage 1950's Firestone 500 bicycle. I want to get the handlebars, pedal shaft-and crank, and all other chrome polished up.

Here's what my bike looks like now prior to restoration. Pic is dark and was taken in my basement. I've got a "period" front fender light on order as well. Just need to find a good person to restore the paint and graphics.
http://www.esnips.com/doc/684dac34-2208-413c-aff2-f1cd52e36b1f/Firestone-500

Any suggestions?

[This message has been edited by squeak_D (edited 05-05-2007).]