Bob, that rifle could be converted to a super sporter, rebore to a big game calibre (depends on how deep the scope mount hole is, alternative is to have Dennis Olsen reline it, he does high power relines) and then take a lot of wood off the stock, shorten the protruding part of the pistol grip, slim down the forend, reduce the massive Monte Carlo, and rechecker. The action could be remarked by a good engraver or simply repolished to get all the traces of old markings off. It would make a grand .30-40, .348WCF, or any of several Euro calibres like 7x57R, 7x65R, 9.3x74R, etc. etc. Or even a .30-30, aka 7.62x51R.
Or go off the deep end for a .22HP Savage.