Using the 78 rpm posted at 13 Jun 21 - 01:15 PM. Writers and singer credited on the label.

Let me sing a tale that’s old but true
A little song I learn to croon
I think that I forgot the words I knew
And I can’t remember the tune

It’s a tune my pappy sang
You all know how it goes
It’s a tale about two honest men
That everybody know(s)

The squire and the deacon are an argufying pair
Debating about religion on the old town square
Till the golden sunshine drops to deep blue sea
The squire and the deacon gonna disagree

The squire and the deacon are an argufying pair
The deacon swaps the pony for the squire’s mare
The squire sold his pony then he bought the deacon’s roan
The hey argued 'bout the bargain till the cows came home

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I'm pretty sure so far, but no guarantees. I'll get to the second half later or mañana. The singer has an odd pronunciation of some words and I'm having to 'puzzle out' what he's singing. Sorry this is taking so long. But we'll get 'er done.