The governor is not working. It's either gummed/rusted up, or has missing/broken springs (can't remember which would cause sluggish response, the other causes a runaway engine).
Get the problem with the carburetor leaking gas fixed first, then start looking at the governor and all the linkages back to the throttle handle.
Make sure you get the notch and pin lined up when you connect the governor to the carburetor.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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