Off to Larson's
 

I want to thank all who responded for their excellent advice. The gun is going up to Mr. Larson along with the original butt plate. It will no doubt be several months but I will post the before and after pictures for your viewing. This should be a lot of fun.
alan

Alan:
To reprise a famous line from the Indiana Jones saga, "you have chosen wisely." I am sure you will be well pleased.

Alan, I came into this thread after you had already decided to have the gun restocked. Well, I don't think you'll regret that. Do ask for your old stock back. You'd be surprised how many good pieces of wood you can get out of that: Grips for your .45 ACP, handles for chisels and knives. Drawer pulls. Etc. etc. etc. I think you've got my drift.

Old stock
 

Patrick, thanks for your comments. The stock will not be replaced. A piece will be spliced into the existing wood and the original butt put back on. The original grip, checkering, etc will remain.
alan

stock repair
 

Here is the finished result. Original stock(what was left) butt and PG retained. Also retained original dimensions.

very nice ...it really looks great...a job well done...charlie

Yes, that's beautiful work! I can't see the splice in your photos, but I guess that's the idea, isn't it? Congratulations.

Superb workmanship...and at a fraction of the cost of a new stock, I would imagine.

I have a cracked stock on mine is well, to the point it is loose and probably dangerous to shoot. From all the info I have it is a 1901 12ga vulcan steel #2 frame VHE all matching serials, the bore looks pretty good. it has some light rusting. Do you think it would loose value if I Were To Replace The Stock entirely? It's not worth much anyways but I have a hard time repairing/restoring anything knowing my attempts are reducing the value.

If it has a broken stock that makes in un usable now, then it should be replaced. Either with a new one, or a sound original replacement.
Making the gun a sound shooter will surely improve the value. However, a poorly fitted or repaired stock will not make it worth as much as it could be.
Granted, if the gun is in average condition, a well crafted new replacement stock would not make the gun worth more than the repairs would cost. But it would be a proper repair and restore the functionality of the gun as well as the overall value.