The dusty old paper appears to read,
??? COLUMN DEUTSCH TWO KEY CIPHER
This probably refers to the double columnar transposition cipher, a hand cipher favored by Americans, Brits, and Germans during both world wars. The letter distribution in the ciphertext also indicates a transposition cipher. Using an online decryption tool with the key "cipher" produces nonsense. Assuming the ciphertext is damaged, I decrypted the message with all possible pairs of keys of up to six letters each. This gave a suggestive decryption:
AIGNORBNCEISOLISSFERTHESALFBUTEPLAGUTONTOOXHERS
The words "Ignorance is bliss" have almost surfaced, and match the word lengths given in the cryptogram. I separated out the letters that seem to break up the phrase and found they occur every five letters exactly. This is a characteristic of a misaligned column during encipherment:
A B O E A E T X .IGNOR.NCEIS.LISSF.RTHES.LFBUT.PLAGU.ONTOO.HERS
I deciphered the crypogram with only a single columnar transposition using the equivalent key 034215 found during the search, and then broke the result into columns by hand:
INLRLPOHRSFSTUOOISEUGOSGCITFLNENESHBATRABOEAETX 1 INLRLPOH 2 RSFSTUO 3 OISEUGOS 4 GCITFLNE 5 NESHBATR 6 ABOEAETX
Note that this text is transposed - the original columns from the encryption process are written horizontally, and the rows vertically. Arranging the columns such that the plaintext can be read vertically reveals an extra "X" in the bottom-right corner of the transposition matrix. An ordinary columnar transposition will not leave a gap in the last row like this.
1 INLRLPOH 4 GCITFLNE 5 NESHBATR 3 OISEUGOS 2 RSFSTUO 6 ABOEAETX
The most likely explanation is that the plaintext Ignorance is bliss for the self but a plague onto others was encrypted once with columnar transposition with the key CIPHER, then the letter X was appended, and then the result was encrypted a second time with columnar transposition with the key CIPHER.