From the sheet music at The Maine Music Box:


LOVE MAKES THE WORLD A MERRY-GO-ROUND
Words by Harry Lauder & William Montague; music by Harry Lauder & Bernardo De Pace
New York: T. B. Harms & Francis, Day & Hunter, ©1923.

1. I have oft heard it said, "Out of sight, out of mind."
Well, that may be the case with a few,
But tho' we are absent, I always can find
A corner in my heart for you.

CHORUS: Love makes the world a merry-go-round; without love how sad it would be.
Stars in the sky to shine would not try, and the moon would find little to see.
But love fills the earth with gladness and mirth, and guides us in all we may do.
Love makes the world a merry-go-round and around it with you I'll go.

2. Now when we meet a friend on whom we may depend,
That's a friend whom we all call true-blue.
It's a joy all the while; it's just smile after smile,
The way to live all the year through.