Thanks much to all for your replies. Jim C. had the best guess. I checked the taillight and sure enough the filament was busted. I hard wired the thing through and checked the spark. It was a brilliant beautiful blue. After running to the auto store and putting another bulb in I noticed the spark was markedly dimmer, but all the same it was still there.
However it still won't run......arrrrg. I must have some sort of a gas problem now. At least I'm over hurdle one. I took the plug out and it was soaked. I've got the carb apart on the work bench right now. Hopefully a thorough cleaning wil take care of this.
Thanks again to all,