after reading through this post a few times the owner seems fairly confident there is fuel and there is no spark
a "spark tester" , 12 volt test light , screwdriver with well insulted handle, multi meter etc are useful tools in trying to track down
the problem
I have found numerous times on engine still equipped with POINTS are they are either completely closed even when cranking
or completely OPEN even when cranking and a very minor adjustment will get you going long enough to run her
and verify everything else is OK b4 you swap the points out for one of my electronic ignition kits..........
the other area to look @ as Ron already suggested is do you have 12v @ the purple wire (found @ the coil and on the electric choke of the carb)
when the key is in the RUN / ON position AND when the key is in the START / CRANK position if you have it
@ RUN but not @ START your key switch could be the culprit
if your not familiar with what to do or how to go about trouble shooting this issue please find someone to help so you don't make
the problem worse.
good luck and let us know what you find
Dan T