So here is what happened after I got it home. I determined that the engine was stuck and the rear axle was broke.
Monday September 24th 2012
Tore apart rear axle and found broken axle shaft
Tuesday
Go to Willie's and get a used axle from his stash and install in. I read about using a pipe wrench and a floor jack to loosen stuck engines. I was going to leave it jacked up overnight with the bores full of diesel fuel and transmission fluid but it broke free right away.
Wednesday
Drag car down driveway in gear to free it up. Turns over good now.
Thursday
Rebuild carb and put on new fuel pump.
Friday
Try to start it! It runs but only on a few cylinders.
Saturday
Pull heads and free stuck valves. Reassemble and it runs pretty good.
Saturday evening
I called Orville and told him to come over. I took him for a ride down the street.
Here we are talking flatheads:
Last thing of the day, I took him for a long ride in my Model A truck. When we got back his wife wanted to go so I took here next.