Hello everyone:<br /><br />I very recently purchased a boat with a 1969 Mercury 350 (35hp)on the back. I took it out tonight for my first time and drove it out to the head of the bay. Total running time was about 10 minutes. Max speed during running was about 3/4 throttle, but about 95% of the time was only at 1/3 throttle. About 10 minutes into running I looked back at the motor and noticed smoke. I went to the back to take a look and did not see any pee stream. I ran it for a minute or two more and then decided to kill it and row back to the dock to avoid any further damage. Loaded the boat up and went home. When inspecting it in the driveway, I noticed the pee hole appeared to be clogged with dirt. This dirt or silt was DRY. When I poked through it with the tip of a knife, a couple of drops of water bled out.<br /><br />Questions:<br />(1) What type of damage could have occurred (i.e. water pump, cylinders, pistons, rings, etc...)?<br />(2) What are some of the procedures to diagnose?<br /><br />I appreciate any assistance. Thanks in advance for your help.