...which, it turns out, was a reworked tale from the 1940s!
This original version of the twice-told tale featured ongoing hero Dan Hastings and appeared in Dynamic's Dynamic Comics #20 (1946), illustrated by Ralph Mayo.
Such reuse of already-paid material was not uncommon for some of the smaller comic publishers and packagers.
Sometimes art was reused several times, with totally-rewritten dialogue and different characters, as was done in this case!
BTW, I covered Dan Hastings' history along with another story HERE.