I think it is JL.
I have an Allan Myers made up ID card with scan for JL. Scan is unreadable, blurred.

James Boyd in Montgomery, AL got a orange $25, if it is the same chip.
No date.

Looks like a 2nd card to Hurley, WI, 1949.

I would buy or trade for it and do my best to get a ID card I can read.