In your earlier post, you said the motor was overheating even after a new impeller. Also asked about the fuel pump. As indicated there:
Pull out the thermostat and run the motor without it. If you can keep it running (and it's cooling properly -- at least not overheating), take off the fuel line at the carb and see if fuel is being pumped. Assuming it's running cool and pumping water and fuel, replace the thermostat and gasket. But consider getting a replacement pump for future use, as diaphragms are hard to find for the original '61 version (replacement pump is the small square one).