Here's the liner notes from Fiddlin Arthur Smith and his Dixieliners Vol. 2 (County Records 547, 1978):

Other tunes, Arthur borrowed from jazz, blues and even pop sources. House of David Blues, an old jazz standard recorded many times, was picked up by guitarist Burt Hutchinson, and he in turn conveyed it to numerous other Opry musicians. The House of David was a religious sect founded in 1903 and known primarily for its bearded baseball teams.

Sadly, Buck Ryan's album, which I have, is sparse in the notes department. I'll see if I can find anything else about it.