There's a version in the DT here. The other version I know of starts "In good King Arthur's day", but is otherwise much the same. Can anyone throw any light on it?

The "colony" version suggests it's from the early days of the USA, when there must have been a lot of folk who longed for the old days. King Arthur was around a very long time ago (1200 years or so?), and I can't imagine it would really be relevant to those times; maybe "King Arthur" was a safe substitute for "King George" if you lived among the more enthusiastic republicans?

Which Lynn(e) did it refer to? There must be several in New England; there certainly are in old England.

Finally: it seems a rather pointless song! It's not very informative, and it's so short that the last verse is simply a repeat of the one before with "still" inserted. Or does this continuing state of poetic justice have more significance? Do the characters represent actual political figures of the times?

I'm holding my breath on the edge of my seat!

Steve