Guy Clark has some different lyrics in a version he recorded circa 1980:

I had a friend Bill Campbell, who used to rob steal and gamble
And on the side he begged so he mopped up
I told old Bill he shouldn't do it, and Old Bill said that he knew it
So he started beggin' with a bucket instead of a cup

Chorus 3rd line: Well Old Bill really flubbed his dub when he wore a tuxedo to the country club

Old Bill had a friend named Sadie, and she asked if I'd seen Bill lately
No, I don't believe that he's about
Well Old Sadie wet down to the jail, it was just to throw his bail
And she whispered Sheriff, please don't let him out

Chorus 3rd line: While Old Bill's away, Sadies with the Sheriff everyday

Do you remeber the last election? The prohibitionists were in action
Trying to elect themselves a President
Bill Campbell and John Austin drove from New Orleans to Boston
And bought them a bottle in every settlement

Chorus 3rd line: They caught 'em down by the railroad track, Stealin' a train just to haul it back

HTML line breaks added --JoeClone, 16-Nov-01.