[Fibber Mcgee]

I am a complete novice with my only experience being recapping an Olympic Radio. Now I don't know what I've got into. I've got a Philco 40-190 that my Uncle's parents bought new. When he gave it to me he had plugged it in and said it smoked so I (being a novice) thought I would recap it and see if it would work as he said it worked 20 years ago when he stopped using it. So I plug it in and yep it smokes. The smoke is coming from a wire wound resistor that comes from the transformer and leads to another resistor among other things. This is #60 on the schematic and is a 150 ohm 1 watt resistor. I did check the resistance and it was about 135 ohms. Where should I look for a cause? Is 135 ohm okay? Any help would be appreciated but you might have to keep it simple as I am trying to learn as I go. Thank you.