This is the first issue from May 1949 published by Toby Press, a publishing company founded by Al Capp's brother. There were a few other publishers before this but the title didn't start with #1.
Despite Al Capp's later reputation as a womanizing right-winger and kind of the Milo Yiannapoulous of his time (actually they weren't that much alike except they were college lecturers and provocateurs), Li'l Abner was one of most popular comic strips of all time.
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