There is not a shaft seal on these. Centrifugal force keeps the oil from coming out. You may be filling it too full, or the level tube is broken, or the gasket under the fill screw is shot. To fill these, you fill with the fill opening on the side. Then turn it down and let the excess drain out. Then put in the screw to close the fill hole. There is a little stand pipe in there that lets the oil seek it's proper level. The sealed ball bearing replacements won't last 60 years like the originals did with very little maintenance in most cases I suspect. However, I do admit the new ones will be cleaner if you are particular about that, go with the sealed bearing.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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