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The other thing that I have always wondered is do you think the gun came with the pad on the stock?
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Perhaps the letter from Chuck will reveal if 217264 started life with a recoil pad or not, but it certainly did not have the IMPERIAL "White Line" you have pictured. Fray-Mershon was founded in 1935, but by 1948 it was Mershon Company, Inc.
Here is a link to an earlier thread on Parkers and Mershon recoil pads.
https://parkerguns.org/forums/showthread.php?t=5709