There are several variations of this patch. I think this is a period original one.
LIFE'S LOSERS NEVER LEARN FROM THE ERROR OF THEIR WAYS.
I see nothing wrong about it. It looks to be a good authentic piece-very nice!
"Much that once was, is lost. For none now live who remember it."
Thank You both for your help !! The embroidery was making me think repro. . Now I have to figure what it is worth . It is part of a trade .