Well, here's another person's memory (Pete Collins of Kentucky) of the song, who attributes it to "a previous Poet Laureate of Kentucky by the name of J. COTTEN NOE":

Tip Sams had twins and a razor-backed sow,
Five dogs and a mule and an old roan cow,
A bone-spavined filly and a one room house
And a little wrinkled Mammy, just as meek as a mouse.
..and the rest is right over here at http://www.zoomnet.net/~petecol/tipsams.html.

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