THANK YOU FOR ALL THE REPLIES!
The fuel tank
apparently had a build up of condensation
and the previous owner had not bleed the fuel/water strainer which caused some water
to get pumped into the cylinders. I imagine it did not run very long!!!!
I finally got her freed up by filling the engine
with lightweight oil
and spraying tons of PB blaster down the air intake into the cylinders and very gently rocking the flywheel bold back and forth.
Once I got it free I had to replace the batteries and have the starter rebuilt but now she is running great!!
These old Perkins
4-108's really ARE bullet (and idiot) proof!!!