This is a Perfection Smokeless Oil Heater, Made in USA, with Trademark and Patent No. 630 marked on the front. It is two tone, brick red and country blue. I did some research on the patent number, 630 wasw issued in 1838. There is some rust around the top, but this piece is in excellent condition considering its age and could easily be restored.
I am no expert, but this appears to be an oil painting of a tall ship signed by "Jackson." The frame shows some wear and the back of the canvas has several small tan blotches as can be seen on the photo below.