Omega,
#1 and #4 are tied to the same coil, point contact and condenser. Pull either the #1 or #4 spark plug and test for spark. If no spark, clean and gap the contact point labled "1/4" (left side points as you look at the points plate on the right side of the crank shaft). If you still get no spark, you may have a bad coil.
Let us know the results of the spark test and contact clean/gap and we'll go from there.