This is the version I heard.

There once was a little Dutchman, his name was Johnny McBeck
He was a dealer in sausages and saurkraut and speck
He made the finest sausages the world has ever seen
And one day he invented the wonderful sausage machine

(Chorus)
Oh, Mr. Johnny Mcbeck, how could you be so mean?
I told you you'd be sorry for inventing that machine.
Now all the neighbor's cats and dogs will nevermore be seen.
They'll all be ground to sausages in Johnny McBeck's machine.

One day a boy came walking, came walking in the store.
He bought a pound of sausages and piled them on the floor.
He whistled up a whistle, he whistled up a tune,
And all the little sausages were dancing around the room.

Chorus

One day the thing got busted, the darn thing wouldn't go,
So Johnny Mcbeck crawled inside to see what made it so,
Then his wife came walking, came walking in her sleep,
She gave the crank an awful yank and Johnny Mcbeck was meat!

Chorus