Adorable Vintage Grace Putnam doll made in Germany

Up for bids is this adorable Grace Putnam doll she belonged to a dear friend of mine her father served in Germany during his military time I believe it was World war II not positive, he mailed this doll home to her as a child. The back of the neck I believe says copr? by Grace S. Putnam made in Germany, This doll is in very good shape for her age, the two flaws that I see are stains on the cloth body and the left eye lid has begun to chip, I have taken a photo of closed eye to show this, overall she is beautiful there are no broken fingers or cracks they feel like they are made of plastic? , this doll has been stored face down to preserve the weights in her eyes, her eyes open and shut very well, there is what looks like a sound box in her back but it does not work, there is some type of ink print on the fabric I cannot see well enough to read it says something baby? perhaps bye lo (see photo), I know nothing about clothing on doll I do not think it is original, my friend is now gone but please ask questions before bidding I will do my best to answer your questions, Thanks for looking