The date of 1948 would mean it is NOT in the public domain—unless that was a reprint of a much older song—but I think the 1948 date is probably accurate.
WorldCat.org also shows that it's included in the following songbooks:
Irish Music Hall : An Extravaganza of Lovely Ballads and Humorous Ditties, Including the Songs of George M. Cohan, Thomas Moore, and Others. (Melville, N.Y. : MCA/Mills, [197-?])