Holley 1920 Help needed

When looking at the diagram, it's called the bowl vent valve (black rubber ring) and it is usually in the up position until you step on the gas pedal and then it goes down or closes.
I just had a thought, it was in the down position with the motor off, instead of up, and then it just popped up/open and gas came out from under it.
I'm thinking it should have been in the up/open position with the motor off and foot off the gas pedal, but for some reason it was down, is that correct?