We ran the first image earlier this week and asked if anyone recognised the panel in question, tattooed on David Arquette's right ribcage?
Bleeding Cool's Gendercruncher extraordinare Tim Hanley had the answers.
The Grand Comics Database credits H.G. Peter with the writing for this issue. Clearly it's his art, but I don't recall Peter ever writing anything. Marston had died about a year before this issue came out, so I doubt he wrote it either (the story says "by Charles Moulton", but they ALL did until the mid-1960s). It was more likely Robert Kanigher, who was the regular writer on Wonder Woman and most of Sensation Comics at the time, or maybe Sheldon Mayer, the book's editor.
The story usually gets credited to Marston, however, because the story was reprinted in the 1972 collection of Wonder Woman stories published by Ms. Magazine with introductions by Gloria Steinem. All of the stories in the book are credited to Marston, though a couple of them are from late in the 1940s and his authorship is unlikely. Also, a few of them seem to have actually been written by Joye Murchison, Marston's assistant. I bet Steinem would have loved to know that when she put the book together!!