Oil pan/babbiting question

[Bob from Northport]

We just received a 28 Roadster truck into the shop. Owner complaining the engine seized up suddenly. Truck started very easily, but when we drained the oil pan, it had about 2 gallons of gasoline or more in it. It was running out the back of the oil pan there was so much in the pan. Truck has a B engine, Schofield head with 2 down flow carburetors. Also an electric fuel pump-pressure checked to 2.7 lbs.

1. What damage will the gas do to the babbiting??
2. Anyone hazard a guess as to the possible problem??

Thanks!!