Must have missed the gasoline question, (long day ! LOL ) but its an important detail your asking. I'm not sure about what causes that particular carb to allow gas to seep down, but most IMPORTANT, change that oil in the pony crankcase, and make SURE gasoline does not seep into the crankcase and contaminate the oil. If you run it with gas-thinned oil, you will be re-building that pony, this is it's worst enemy! Clean uncontaminated oil is VERY important with these old starting engines. I'd pull the carb, take it to the workbench, clean it thoroughly with gum-out or similar carb cleaning solvent. I'm thinking its a Zenith downdraft type like mine, you can find parts for them I believe, usually a cleaning will suffice, but you may need new gaskets, Zenith has a website ( link below ) Look at it closely, you might be able to find the leak, fill the bowl on the bench, not sure with this particular carb, maybe the needle seat ? Use extreme caution when doing this with gasoline, and using solvents as they are very combustible and have harsh vapors, best to fool with it outside in the open air, you don't want to concentrate gas/solvent fumes inside. There is a typical cause for these to leak down, have read that the D-2's & 4's were more prone for this to occur, this is why we're always told to run the pony out of gas, by shutting the valve on the fuel line after the main engine fires up. I take it one step further by draining the gas out of the bowl, as the pony will run awhile before it runs out of fuel, mine has a drain plug, which I replaced with a petcock & short hose to make it easier, and by all means be very careful with gasoline & solvents no matter what you are doing.
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