On Tue, 15 Apr 2008 08:46:13 -0700 (PDT), Greg F
wrote:

#2. The spout seems to be actually designed to "leak" -
but it was supposed to go back into the tub. The plumbers putty I had
used probably made more of it go back into the wall rather than allow
it back into the tub.

The tub overflow pipe has a similar drain ("weep/drain hole"?). Never
caulk all the way around. Forget the water is on in the tub and YOU
will get a flood.

I've replace a few tub spouts... took one back for exchange.