I heard a variant of "He's Young, But He's Daily Growing" back in around 1958-59 in Fresno, CA. Jon Adams, a west coast storyteller and singer who is still active, recounted learning it from his grandmother. The song had come west in a covered wagon and was an old family favorite for many generations. Of all the songs I heard him perform, this one was always done rather reverently. Here is a living example of the oral tradition. His version was called, "Oh, The Bonny Boy Is Young, But He's Growing," similar to a version listed in the footnotes of the song link in GEST's entry, above.