Hey guy's! Thanks to all who replied. I really believe that there wasn't a "Dab" of sealant between the bearing cap and block which would allow oil to get between them, and run it's way back and down to the flywheel cover. I am going to put it back together tomorrow night, give a night to for the silicone to dry, and I'll put the oil back in it, and give it a drive to see if I got it cured.
Thanks!!
KT.
1949 3/4 ton Chevy..1950 1/2 ton Chevy