freydaddy,

Is there a return spring on the linkage above the starter (to return the foot pedal to the "up/non-engaged" position)?

I'll post a picture if you have no spring.

Mechainiac is mostly likely right - you need a new Starter Switch (solenoid).

http://www.americanclassic.com/asp/...&iyear=1954&ytype=to&exyear=

Tim