That's a super nice example of a 4' Old Town display sample. Based on the style of the decal at the bow, and the trade name lettering along the sides, I'd hazard a guess that it dates somewhere between the early '20's to early '30s ( 1922-34). With the exception of the caning of the bow seat, it looks to be in excellent condition. The yellow paint on the hull appears to be in lovely, aged condition. Very sharp looking with the red pin stripe and turned down ends. Personally speaking, I'd be inclined just to live with it as is for now. It's 80 to 90 years old, and should be expected to show some signs of age. Everything else looks to be in such nice shape, that bow seat doesn't really detract all that much. By leaving it alone, you can't hurt it, and can't be criticized for messing with its antique character. try enjoying it for a while; you can always re-cane later if the missing bit begins to bother you. But, once you do it, you can't go back (well, I suppose you could rip the new cane out). Anyway, that's a great example. Better thank your uncle many times over!!!