Clearly not and the 1941 isn't the year it was given, but was the "class of 1941". Depending on what the "class" was, it would have been far later - but certainly after 1964 after the "Early Settlers" program was started.
It sounds like Samuel Laverde started with B&L in 1941. Here is some information on the program
The watch itself has issues - aftermarket crown and bracelet and there is something off with the dial. Watches with engravings usually take a pretty hard hit value wise unless there is a sentimental value on the "engravee" is famous and has a connection to the watch.