Remarkably similar to the presentation guitar made for National's George Beauchamp, LEM belonged, I believe, to Aleth Hansen. He played with the Beverly Hill Billies Band where his stage name was Lem H. Giles H.D. (for Horse Doctor). He was also in the Bar X Cowboys.
More about the Beverly Hill Billies and Aleth Hansen can be found here.
We believe this is probably the instrument Aleth holds in this publicity picture.
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