Neals,
Babbitt is a cast-in-place bulk bearing material. There are many different babbitt alloys, but the more common ones are mixtures of tin, antimony, copper, and lead. In the old days, before insert bearings, bearings were poured in place in automotive engines (i.e. rod journals, main journals, cam journals, etc), then hand scraped to final size. Model T's had babbitt bearings and my 1952 Chevrolet truck has some babbitt bearings. But, by the mid 1950's babbit had been replaced by insert bearings in the auto industry.
For more information see wikipedia... search babbitt. Much to read...