By Hank Williams, from the monumental collaborative album Will the Circle Be Unbroken (1972).
Roy Acuff (lead vocal), Earl Scruggs (banjo), Jimmie Fadden (harmonica), John McEuen (mandolin), Doc Watson (guitar), Pete “Oswald” Kirby (dobro), Vassar Clements (fiddle), Randy Scruggs (autoharp), Roy “Junior” Huskey (bass); Jeff Hanna, Les Thompson, Jim Ibbotson, Jimmy Martin (background vocals).
From the Wikipedia entry:
Will the Circle be Unbroken is a 1972 album by Nitty Gritty Dirt Band with collaboration from many famous Bluegrass and country-western players, including Roy Acuff, Mother Maybelle Carter, Doc Watson, Earl Scruggs, Merle Travis, Pete “Oswald” Kirby, Norman Blake, Jimmy Martin, and others. It also introduced fiddler Vassar Clements to a wider audience.
The album’s title comes from a song by Ada R. Habershon (famously re-arranged by A. P. Carter) and reflects how Nitty Gritty Dirt Band was trying to tie together two generations of musicians. Nitty Gritty Dirt Band was a young country-rock band with a hippie look. Acuff described them as “a bunch of long-haired West Coast boys.” The other players were much older and more famous from the forties, fifties and sixties, primarily as old-time country and bluegrass players. Many had become known to their generation through the Grand Ole Opry. However, with the rise of rock-and-roll, the emergence of the commercial country’s slick ‘Nashville Sound,’ and changing tastes in music, their popularity had waned somewhat from their glory years.
Every track on the album was recorded on the first or second take straight to two-track masters, so the takes are raw and unprocessed. Additionally, another tape ran continuously throughout the entire week-long recording session and captured the dialog between the players. On the final album many of the tracks—including the first track—begin with the musicians discussing how to do the song or who should come in where.
Beautiful documentary segment about the album here: