Ok make install worked this time without any errors
Im just looking to add it to the boot loader now. How do I do that? I have no GUI yet

You should have nano, should be nano -w /boot/grub/menu.lst or nano -w /boot/grub/grub.conf to see which one cd /boot/grub then ls ; to save the file ctrl o then enter ; to exit ctrl x

Ye I know how to edit the file, im using vi. I just don't know what to put in the file but I can add similar information to that of what is added to previous kernels. The problem that im having is that all the other kernel versions in the file speak of initrd-2.x.x but I dont have a file called initrd 2.4.12 on the system(the kernel Im installing) I need a file called initrd-2.4.12

I may repeat myself:

You do not need an initrd if all necessary components (filesystem, device driver) are compiled into the kernel. In this case, there is nothing more to do than to add the kernel to your bootloder config. No need to worry about initrd.

But when they are compiled as modules (obviously your previous kernel is like that, since it uses initrd), you need to create an initrd (use mkinitrd) and refer to it in your bootloader configuration. Otherwise the kernel is unable to mount te root filesystem and will not boot. In this case you will know where initrd is located (since you created it yourself).