"Cut me out" valentine, c. 1930s

I love the Fern Bisel Peat line and colors, but not sure this is Peat. The initials under the candy box look like NFC. Hmmm....This is another copy of a vintage card, part of a freebie at a paper doll luncheon.

UPDATE: I just realized I had a copy of a valentine (just the image, captured from the internet some time ago) by the same artist: