Grandmas Doll Identification

[flenske]

First of all glad to be a part of this community!
This is a doll my grandma has had since she was a little girl 9 or 10 ten years old.

Just want some help identifying it. Its probable late 1950s. 7 inches or so tall. The little ball attached to his legs hangs of a ledge and the is connected to him by a string that makes him walk.

Thanks!