The Earl White string band does it as below on their self-titled CD (Mark Olitsky on banjo). From their rendition I get the feeling it might be a temperance song. This was of course a big deal during Fields and Ward's lifetime.

RALEIGH AND SPENCER

Raleigh and Spencer done gone dry
Lord ain't no more whiskey in this town
There ain't no more whiskey in this town

I can eat more fat meat you can fry a week
Lord tell more them doggone lies
I'll tell more of them doggone lies

I can eat more fried chicken than a pretty girl can fry
Lord tell more them doggone lies
I'll tell more of them doggone lies

Raleigh and Spencer done gone dry
Lord ain't no more whiskey in this town
There ain't no more whiskey in this town

Their moving rendition is on Youtube https://www.youtube.com/watch?v=4j6BcUcDhHY