The letter posted raises more questions then it answers. What happened between the date it was made (1890) and when it was shipped to Laughton? Most CEP guns remained in stock to show off Parker's craftsmanship but when sold they were usually sold at a discount. It doesn't appear that was the case here. It was sent to him as sample but doesn't answer question of what Parker did with it until then.
Looks like it was sold to Cassady at usual discount for gun that had been "handled", ie not new. But it must have been returned since it was eventually sent to big NY dealer at an even deeper discount. Might have been returned because it was easy to sell such a high dollar gun in Butte whereas there was a lot of rich folks in NYC.
These CEP guns lead interesting lives. Some went to big expos to be displayed by Parker, some to dealers to be displayed at smaller regional expos, some to dealers as samples (such as this one) and others who knows.
Ed, which state did it end up when you bought it? Where did the fella in the photos live? When did he buy it, and where? Would be interesting to know these answers.
It is also interesting that it only has one dog on frame and one stag on floorplate. Most AHs of this time had two dogs and at least three stags (when stags were used). This gun has more scroll engraving to make up difference in space. With that said, I've seen some like it but it's not the typical.
I'm surprised the letter doesn't mention a stock replacement. The wear on gun is not commensurate with the wear on stock and the stock has the later checkering pattern leading me to believe it was replaced by Parker, which was not at all unusual. A deeper look at the records may address this and anser some of the other questions.
With regards to restoring it, it doesnt have much finish and it does have a lot of wear but no way I'd restore it. It is what it is and it is - a very cool gun with an interesting history so why mess with it? Someone long ago thought enough of it to give it a lot of use and it's part it's charm.
Anyway, that's my two cents. Ed, goodmluck with it whatever you do!
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