Here's the second entry in The New Green Mountain Songster - neither is the same as the one Sara Grey recorded. I e-mailed George Ward and asked him for help.
-Joe Offer-

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Blue Mountain Lake

Come all you good fellows, wherever you be,
Come sit down awhile and listen to me.
The truth I will tell you without no mistake
Of the racket we had around Blue Mountain Lake.
Down, down, down derry down.

The Sullivan brothers and big Jimmie Lou,
Myself and Mose Gilbert and Dandy Pat, too,
They were all as fine fellows as ever was seen,
And we lumbered for Griffin on Township Nineteen.
Down, down, down derry down.

Jimmie Mitchell he kep' de shantee,
The Laziest damn man you ever did see;
He'd loaf 'round the shantee from morning till night,
If a man said a word he was ready to fight.
Down, down, down derry down.

One morning 'fore daylight, Jim Lou he got mad,
He punched hell out of Mitchell, the boys were all glad;
His wife she stood there and the truth I will tell,
She was tickled to death to see Mitchell catch hell.
Down, down, down derry down.

Old Griffin stood there, the grizzly old drake,
A hand in the racket we feared he would take.
Some of the boys, they pulled him away;
He says, "Fight and be damned, I have nawthin' to say."
Down, down, down derry down.

You may talk of your fashions 'way out in Benzine,
There's none will compare with the cook of Nineteen;
She is short, thick and stout without any mistake,
The boys called her Nellie, the belle of Long Lake,
Down, down, down derry down.

Come all you good fellows, adieu to you all,
Christmas a-coming, I'm going to Glens Falls,
And when I get there, I'm going on a spree,
For when I have whiskey, the devil's in me!
Down, down, down derry down. ^^^

as sung by Mr & Mrs Powell Smith, Glens Falls

Source: The New Green Mountain Songster, Flanders, Ballard, Brown, and Barry - 1939