Here are the Gateway Singers' lyrics, transcribed directly from their lp, The Gateway Singers at the Hungry i, which was released, it appears, in the mid-'50's on Decca. It's monaural (remember that?) and has no copyright date.
OLEANNA Chorus:
Ole Ole Anna, Ole Ole Anna Ole Ole Ole Ole Ole Oleanna
Oh to be in Oleanna, that's where I'd like to be Than be bound in Norway to drag the chains of slavery
Chorus
In Oleanna land is free; wheat and corn just plant themselves Grow a good four feet a day while on your back you rest yourselves
Chorus
Little roasted piggies run around the city streets Inquiring so politely if a slice of ham you'd like to eat
Chorus
When life is rough and things get tough, you need a place to go The violinist Ole Bull, he knew that this was so Tahiti and Bikini aren't what they used to be So if you want an easy life, why come right along with me
Dresses all are beautiful, never have to pay the bills Married life is just a dream; single life is better still Chorus
Ole was a nice old guy who got to wealth and fame But couldn't be contented unless others were the same He built a place called Oleanna, model colony And while it never made the grade it was a fine idee Chorus
Never have to wash the clothes, or even sew a button When you cook a mulligan stew it comes out leg of mutton Chorus
The personnel listed on the album jacket are Elmerlee Thomas (yes, that's Elmerlee), Jerry Walter, Travis Edmonson and Ernie Sheldon. Later in the notes it mentions that "Since this album was cut, Lou Gottlieb, the Singers' bass player, has returned to the University of California to complete his PhD in Musicology and has been replaced by Ernie Sheldon, whose picture appears on this record jacket." That's kind of an interesting way of dealing with the personnel change. It is very clearly Lou Gottlieb's voice on the recording.