So I took it apart and cleaned the fire hose component with laundry detergent and a brush. I'm trying to avoiding ruining any makers mark so I left those areas untouched.
The leather I cleaned with Williams because I have no other use for the soap. The leather was filthy and required multiple soaping. Next I rolled the strop flat with a rolling pin and clamped it between two pieces of plywood. I will check on it tomorrow and hopefully reassemble to use. Thanks for all the advice I'll post pics when I'm done. By the way is this cordovan shell leather or something different?