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Ballad of the Goodly Fere was created in 1909.
No, it is not.
goodly
No. Goodly (mostly archaic) is an adjective, despite the -LY form. It usually modifies "number" and means considerable, or substantial.
(Goodly is a mostly archaic term for "considerable" that also could mean physically attractive.)
Many town marshals in the Old West were hired for their shooting abilities, and a goodly number of them were former outlaws.