OK, I think that I have handle on this now, with all of your help. I misread Carl's post. I thought that this OKIE Bushing went at the rear of the torque tube. So, I just took a good look at what I have and I have attached a photo. I am assuming that this housing is what needs to come off. Feeling kind of ignorant on all this.
1946 1/2 ton Chevy Pickup 1954 235 cu in 3 speed on the floor