Here's what the papers say in a lovely handwriting:

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Merry Christmas

It's a funny sort of greeting
When you send a friend a holder
For wishes warm go with it
That keep your fingers colder.

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Merry Christmas

Pots pans and kettles too
I'll gladly lift for you

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Merry Christmas

This device you will not scorn
When in the house so nice and warm
You hitch your hankies to each pin
Fasten to line and run back in!

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Each ends "from Audrey"

Now the last doesn't sound like a potholder at all but perhaps some
group of safety pins for line drying on wintery days?

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