If we have to get into minutiae, I'd guess that

The day they laid old Pancho low
Lefty split for Ohio
Where he got the bread to go...(etc.)

suggests that we're dealing with two separate people; evidently, the locals knew Lefty and couldn't work out where he got the money for his train-fare from; Pancho, having bit some serious dust, was in no position to comment.  Had they been the same person, somebody local would have known.  We're not talking about Zorro, after all.

Damn good song, mind; been playing backup fiddle on it for years over here in Yorkshire, where we have our fair share of outlaws and biteable dust (though we have moors instead of deserts, and only farmers are allowed to carry guns, inside or outside of their trousers).If we have to get into minutiae, I'd guess that

The day they laid old Pancho low
Lefty split for Ohio
Where he got the bread to go...(etc.)

suggests that we're dealing with two separate people; evidently, the locals knew Lefty and couldn't work out where he got the money for his train-fare from; Pancho, having bit some serious dust, was in no position to comment.  Had they been the same person, somebody local would have known.  We're not talking about Zorro, after all.

Damn good song, mind; been playing backup fiddle on it for years over here in Yorkshire, where we have our fair share of outlaws and biteable dust (though we have moors instead of deserts, and only farmers are allowed to carry guns, inside or outside of their trousers).