Disaclaimer - I Am Not A Lawyer (IANAL)
If your text follows the 1920 text, assuming there was text modified in the 1948 version (I don't know, not enough facts), and you reside in the US, then yes, you can use the text and fix it up. A reprint of PD text cannot be recopyrighted, only the unique materials added (if any).
Now if the text was changed, then that version can still be under copyright.
You can use any illustrations from 1922 or before without problems.
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