There is a song done by Kilby Snow whose refrain is "The Wind and the Rain". It tells the story of a two lovers who go out in a boat and the man kills the woman for refusing to mary him. It is another one of those stories where parts of the woman are made into a musical instrument. In this case a fiddle which will only play the tune "All the Wind and the Rain"
When sings it along with the autoharp, it is very effective. I think he claims to have learned it from his grandmother in N. Carolina.
It doesn't seem to bear any resemblance to the Elizabethean "Hail, Ho, the Wind and the Rain."