I have a 1959 Johnson 5.5HP that I have been trying to get running again. So far I have replaced the head gasket, spark plugs, thermostat, rebuilt the carburetor, and checked the impeller. I got it started today after a few pulls and let it run for about 1 minute but it smoked like crazy and never spit out even a drop of water from the back. I took of the thermostat cover and it was completely dry. I had it in a large barrel full of water, so there was plenty of water above the intake and when I had the thing apart, I checked the impeller and it looked new but I don't know how old it was. I don't know what the problem could be. I would hate to just throw parts at it. Any help is appreciated.