Well, at the low HP levels back then, they'd run your typical 30-40,000 miles, sometimes more if taken care of. The first Ford V8 made 60 HP. The last, in 1953, made 110 with more displacement.
Actually, many engines back then didn't have a bearing between every journal on the crank. And engine life wasn't nearly what it is today. There's been a lot of development in both design and materials to get to where we now are.
The flathead Ford V8's also had another major flaw. The exhaust ports ran through the block, between the cylinders. And to make it worse, the two middle cylinders shared an exhaust port. This made The engine hot running and the problem would get worse if you added more HP. Ardun solved the exhaust port problem with bolt on overhead valve heads (expensive), but that did nothing for the two missing bearing journals. Still, people managed to extract more HP out of that motor, simply because it was plentiful.