Hi folks- just listened to a Maine version of Franklin in the Helen Hartness Flanders collection, sung by Will Merritt Ludlow Maine 1941. Still deciphering the lyrics, but it has the captain's named as well as the intro verse similar to the broadside from Glasgow transcribed above by Q on 12 Oct 2010.   

Would love to know more about that source- Merritt learned the song from his mother who was from Scotland.

Have also found a similar version posted by a Czech C&W band... ? Will pass on info if they respond to my query

best- Julia