Been chasing this one for quite a while. "The Book" says only 221 20
ga. V-grades were made with 32" barrels and with a straight stock I imagine this is actually a fairly rare bird.
Looks like the colors have been redone as they are a little over the top but it's a really sweet gun that balances very well. Per the letter, the gun was sold in October 1917 to Walter Cooley, Place Hardware, San Francisco, CA for $45 Specs (all letter):
20 ga VHE
DAH = 2-1/4"
DAC = 1-5/8"
LOP = 14-1/4"
#1 Frame
2-7/8" chambers (letters)
32" barrels choked Full/Full
Weight: 6-lbss. 12-ozs.
Another long barreled, small-bore
Threaded Mode