I've bought,fixed & sold quite a few of these over the years & back in the day they were a great machine but gave on up on them do to the lack of parts.
They do not have a tension release like most machines so you have to pull some slack thread from the take up lever then when you lift the foot you won't bend your needle when you pull the leather out.
The pressure foot tension is the large screw towards the right of center on the top of the machine.Look on the backside & you see a long horizontal flat spring about a foot long & you'll see where the big screw pushes on it.
The part you need is called a needle guide,there's 2 of them for different sizes of needles they are # 58874 & #58910