I finally found a working reel-to-reel tape recorder and tracked down this song. It's actually `Dark Eyed Sally', an original song by The Lonesome River Boys from their 1961 album `Raise a Ruckus'. A great recording of a great song.

Cheers,

Peter Doyle
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  Dark Eyed Sally
  
  INTRO: verse chords |G|Em|A|D G|
  
  CHORUS:
  D
  Goin to the barn dance down in the valley
  G
  Takin a chance on dark eyed Sally
  Em                 A              D
  Wildcat liquor and old time music too
           G
  We'll be dancin, singin, goin strong
      Em                 A
  The hills'll be ringin all night long
  D                                            G
  Come along Sally gonna step out tonight with you
  
  
      G       
  Now who's that man from down the holler?
  Em
  Buyin moonshine with his last dollar
    A
  Today he's livin on women and wine
    D                           G
  Tomorrow may live on down the line
  
  CHORUS
  
      G
  Now where's that gal named Betty Ann Lee?
  Em
  Looking at the moon in the old pine tree
        A
  She's been outside for three or four
            D                                  G
  But she's come back looking for two or three more
  
  CHORUS