Ol' Saul Ross put a latern in the shed

That's actually a different song, called "Hot Time", using modified lyrics from the song about the Chicago fire.

Late one night, when the teasips were in bed,
Old Sul Ross took a lantern in the shed.
The Aggie kicked it over, he winked and then he said,
“It’ll be a hot time in austin tonight.”
Late one night, when the teasips were in bed,
Old Sul Ross took a lantern in the shed.
The Aggie kicked it over, he winked and then he said,
“It’ll be a hot time in austin tonight.”

Looks like these lyrics were a modification of the original "Hot Time" lyrics as well, but this is obviously the inspiration for our "Hot Time":
Late one night, when we were all in bed,
Old Mother Leary left a lantern in the shed;
And when the cow kicked it over,
she winked her eye and said,
"There’ll be a hot time in the old town, tonight."

Original:
Verse 1:
Come along get you ready, wear your bran, bran new gown,
For dere's gwine to be a meeting in that good, good old town,
Where you knowed ev'ry body, and they all knowed you,
And you've got a rabbits foot to keep away the hoodoo;
Where you hear that the preaching does begin,
Bend down low for to drive away your sin
And when you gets religion, you want to shout and sing
There'll be a hot time in the old town tonight!
My baby -
Chorus:
When you hear dem a bells go ding, ling ling,
All join 'round and sweetly you must sing
When the verse am through, in the chorus all join in,
There'll be a hot time in the old town tonight.
Verse 2:
There'll be girls for ev'ry body in that good, good old town,
For dere's Miss Consola Davis an dere's Miss Gondolia Brown;
And dere's Miss Johanna Beasly she am dressed all in red,
I just hugged her and I kissed her and to me then she said:
Please, oh please, oh, do not let me fall,
You're all mine and I love you best of all,
And you must be my man, or I'll have no man at all,
There'll be a hot time in the old town tonight!