I have that 78 RPM of that song as well as my real favorite on the flip side-- Single Saddle. My gosh, I can still sing Single Saddle and haven't heard it for years and years. It was music like that as well as by the Sons of the Pioneers that were what likely formed my values and underlay what I write today.
I am not embarrassed by it either. Were those westerns realistic? Not usually. Did they always have the good guy triumph over the bad guy? Generally. Some hold up well to today and can still be watched. Some not so much.
Here's the thing-- entertainment, all of it, has a set of values. Whatever we put into our minds feeds something in us. That's not debatable. The question is what will it be? What I got back then fed dreams of romance, adventure, doing right, importance of being strong. My dreams didn't get in the way of my going to college, meeting the right sort of man, having children and living as I do today. Some of my dreams were fulfilled-- others I live out through my characters. Not such a bad deal :)