Awesome guys thank you for the impute! I'll check out the band adjustment and post the results when I can.

Hey Howard, the link in your post takes me to a page that says it's forbidden and that's it.

O and the carb is missing the starter switch and ball (vacuum leak) and it's missing the choke housing and assembly ( another vacuum leak) and this carb is fairly beat up. I think I'm just going to replace it.

Well from my research this tranny doesn't shift through the gears But it should feel like it because the torque converter locks up? And I am not having an issue with the high range it works fine it's the low range that isn't present. It's a 53 so it's a direct drive ultramatic so no shifting?

Ok So it drives and sounds good!!! The carb still needs some stuff but it's making progress! Now I need insight on the tranny, it goes into high and reverse smooth and fine, the torque converter locks up over 15 and everything seems great, I put it in low and it's like its in neutral, no grabbing at all, no grinding or noises. Has any one else had this? I'm hoping its an adjustment issue because the selector needle on the column is off a smudge from what is actually selected. Let me know your opinions and thank you again guys!

This is it by the way.http://www.youtube.com/watch?v=RLSFDjm7s2g

Weird. . . Does any one know why they wanted this over complicated little system? Instead of an easier one that got rid of all this extra stuff?

Wait. . . If there is a check ball the closes off the passage how is there a vacuum leak even if the switch is missing?

You guys are awesome! Thank you for the help guys you have been a lot of help please feel free to continue the info!

Ya all the stuff is there I'm not sure if the check ball is in there but shaft and and the cam portion that twists in there is there, now what I'm not sure of is there is the hole where the switch mounts into and then at the other end there is a open hole that doesn't have screw holes and it's not threaded so what would go there?

Also thank you for the help! Any one have these parts or carb laying around by chance?