A defective condenser would short the voltage to zero, not allow it to remain at battery voltage with the points closed. I'm guessing the points are adjusted too wide, and are never closing to allow current flow through the coil primary winding. A wrong connection at the inside of the distributor housing that insulates the point spring from the stud can cause the same problem.
Jerry
Per the OP's original post " I was revving the engine and then it sputtered and stalled.
have not been able to start it since."
It would seem something broke as opposed to being a faulty part or missed adjustment.
Unless it ran out of gas... Isn't there a ceramic resistance block (Brain fart, what DO you call that thing on the firewall again?) that can crap out?
