You should know that more than a hundred songs were written within a year of the sinking. Have you heard Rabbit Brown's version? - Amazing on 12 string; just try for those lyrics! By, "not the 8 in 'DT'", I hope you don't mean "not 'Darby and Tarlton'". I see that yours is another...Their version follows:

SINKING OF THE TITANIC
As recorded by Richard "Rabbit" Brown, 1930. (Victor 35840)

When the moon rose in its glory
And it drifted to the olden west
It told a sad new story
Sixteen hundred had gone to rest

Captain Smith surely must have been a-drinking
Not knowing that he was doing wrong
He tried to raise a record
And let the Titanic go down

Well, the porter had retired and was sleeping
He was dreaming of some bad dream
He dreamed the Titanic was sinking
Way out on the bottom of the sea

Mr. Smith, he says to the rich man
"Oh, try and come to light
Try and save your baby
Also your little lovin' wife."

Mrs. Smith heard her husband was a-drownin'
Way out on the deep blue sea
She cried out, "Oh Lord, have mercy
Oh Lord, send him back to me!"

When the sad news reached the city
That the Titanic had gone down
Many widows and poor little orphans
Was walkin' all 'round the town