... after losing his girl to a stranger and going off to get drunk...

♫"And since it is no better, I'm glad it is no worse,
Brandy in my bottle and money in my purse."♫

From the singing of Mike Seeger, who probably got it from the book Our Singing Country... at least I've found no other source. You can see the complete text at that link.
I heard Mike sing it at the Smithsonian Festival about 1975. He recorded it on "Music from the True Vine.

I have sung this ever since....