Umm... did you do research before making those assumptions?
That IC is supposed to be missing and the jumper wire is supposed to be there. I found a similar (if not identical) board at
http://heffa.net that shows the same jumper and missing IC.
Here's a pic (my apologies to heffa about the direct link)

Fixing PCB's is not my forte so I'm not sure what you can do at that point other than systematically examine and check the board starting by following the traces from where you plugged in the 74LS138.