Paradise picked up 44" that day so it's certainly possible, but it just seems so strange that it would get so much more. I mean honestly, I'm just skeptical of most snow measurements. It's so hard to measure snowfall whether it's from compaction or drifting or too frequent of measurements.
The National Center for Environmental Information, which maintains the US weather records acknowledges that this reading is a bit suspect so they also list a 52" one day reading from Winthrop on 1/21/35.