At least back then, it made a lot of sense. People were more careful with their money....I truly think if you took a guy from 1910 and told him you were going to see a professional baseball game ($125) where you would eat a hot dog ($9) and drink a beer ($8) he would pass out.
If you had a 16ga. Parker that fit you perfectly and wanted to shoot a 20ga as well, you could add a second set of barrels which cost a good deal less than a whole new gun, and you ran no risk of the stock of the new gun not feeling or fitting the same. After all, you can only shoot one gun at a time anyway.
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