Spent a hundred bucks today, AND IT RUNS!!

I don't exactly remember the history, but Ole Evinrude started the company, and later sold it out, agreed not to use the name. But he kept working towards better designs, and went back into business as "Elto" (Evinrude Light Twin Outboard). Then at some point he merged back into the Evinrude company, and for awhile, the ELTO name lingered on, also as the smaller, "less expensive" of the main Evinrude line.

The irony here is, that this is NOT a twin, but a single

Evinrude and Johnson were not the same engines early on, until after those two merged in the ? late 40's " or so, and eventually, became pretty much the "same engine" as per Dodge/ Plymouth.