According to the handbook accompanying Anthology of American Folk Music (which carries several tracks of the Carolina Tar Heels), the members of the band are Dock Walsh (banjo), Gwen Foster (harmonica), and Thomas Ashley (guitar).
The most popular song by The Carolina Tar Heels's is Peg and Awl
The Carolina Tar Heels's first song Peg and Awl released on Fri Jan 18 1929.