The black stuff under the end of the tailpipe might just be condensation and soot, similar to wet stacking on a diesel engine. That was real common on older carburated cars in cold weather. In cold weather most car engines still run rich until they reach full operating temperature. Check under the oil fill cap for moisture. If there is a lot of condensation under that cap think about changing the oil or working the engine enough to evaporate the moisture out of the oil.
Your engine is starting to show some age, but with good maintanence it may have another 100,000 miles or more in it before it needs to be rebuilt. As others have said, see what it does in warm weather and until then enjoy your Jeep.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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