THE YEAR WAS
"Captain Marvel vs Spy Smasher" - Parts 6 and 7
Written by C. C. Beck(artist), Charles Sultan(artist), Bill Parker(writer)
From Whiz Comics #18 - Part 6 in the Captain Marvel segment: Captain Marvel arrives to save Eve Corby from Spy Smasher and eventually brings him out of his hypnotic state. Then agents of a foreign war lord show up and manage to kidnap Spy Smasher. Part 7 in the Spy Smasher segment: Racing to find and save Spy Smasher, Captain Marvel is able to keep him from certain death and save the day. They shake hands and depart as great friends.
Here are the pages I have of it.