If it's not drowning the clutch you could just let it leak. They all leak some, neoprene or rope. I remember seeing trucks of this vintage sitting in dealer showrooms with drip pans under them.
1951 3800 1-ton "Earning its keep from the get-go" In the DITY Gallery 1962 261 (w/cam, Fenton headers, 2 carbs, MSD ign.), SM420 & Brown-Lipe 6231A 3spd aux. trans, stock axles & brakes. Owned since 1971.