Yep, it sounds like you need a regulator. Something has shorted so enough current is flowing through the cutout relay to keep it magnetized all the time? I've got a feeling there's something we don't know about this situation, however. How about channeling Paul Harvey and giving us the "rest of the story"!

I'm going to guess there's a broken spring that's supposed to hold the cutout points open.
Jerry


"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!