Well, I went out and bought the Molasses. Then I took 6 of the damaged Hess razors and started working on them.
I took the scales off all 6 and the camphor smell said celluloid rot. One razor I tried to sand all the rust and pitting off but the pitting is to deep. 3 razors I just sanded off the rust and 2 I left as is. All are now in the Molasses. Will someone remind me to take them out in 1 month?

Here is a link to a bunch of pics.........
Rusty Hess Razors - a set on Flickr

The razors will be best used for wood carving, leather & shop work.