That hole is a drain hole. It serves to allow condensation to escape. If gasoline is dripping from it, there is an internal problem. Most likely the float valve is not stopping the flow of gasoline, or the float itself is either out of adjustment or has become compromised in some way. Carburetors are NOT simple, but neither are they difficult to work on if you have previous mechanical experience and some basic tools.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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