just got a 1970 Johnson 1.5hp. have cleaned out the gas tank and carb, fresh gas(50-1) new Champion plug (.030) set points (.020.) new plug wire, started after about 20 pulls, ran for about 5 minutes, slowly tried adjusting the hi low, then it died, has fired a few times since but won't run, checked spark plug, and appeared to have water on the electrode, so dried it, replaced, tried 4-5 pulls, fired, that's it, removed plug again, more water on electrode, repeated this over and over, same result, now I am asking, why is there water on the electrode, and could this be why it will now only fire but not start, any remedies? Thanks