Both of the units listed under the 48th Highlanders were battalions of the Central Ontario Regiment, First World War induction and training units. They were in Canada and as the service record confirms (thanks Mike Vee), he did not serve overseas as he was not fit for overseas service.
From the documentation in his file, he did not qualify for the 1914-18 War Medal. With the indication that he returned to the US after the war, it is likely that was the end of his military service, so the sporran would date to 1917-1919.
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Res ipsa loquitur
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