Dee: You are lucky! You have inherited a top grade Parker! I have and treasure my grandfathers gun, a pedestrian Crescent.
As for what to do with it, I suggest that you have the gun repaired, that is made shootable. The stock, while it looks bad, is probably repairable so that the gun can be used. On the LC Smith collectors site there are pictures of stocks that have been repaired. While I an not a stock professional I have taken several shotguns in similar shape and made them decent looking shooters. My goto sporting clays gun is such a gun. As for the metal work and missing parts, I can see how they can be repaired without too much difficulty, including the ugly hex head cap screws, by a competent gunsmith.
Save your money get it repaired, shoot it , and pass it on! Getting it restored would have it lose all of its family value.
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