I looked at it some more last night and it appears to actually be a split SEAM. Anyhow the neck is just a hair out of whack and will need to be adjusted so it looks like we'll be consulting with the professionals. We paid very, very little for this guitar with the agreement that even if we had to put some money into it, it would still be a worthwhile investment. It's a 3/4 size and we figured it would be a nice (and much less valuable) substitute for an antique parlor guitar, to use in our living history programs.

Whoever owned it previously had put steel strings on it, which we think may have put too much tension on it and contributed to its current ailments. But with a little work I think it's going to be a fine piece. There's some very pretty inlay work around the soundhole, and it's just a darn cute guitar.

Thanks for all your help. :-)