The Ramblin' Jack album notes don't have lyrics, but I did a Google Search on a phrase from what you posted. I found the lyrics here (click). Good song, but I prefer the "Louise" that Bonnie Raitt sings.
-Joe Offer- (e-mail sent)

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Louise

They say you’re seeing someone, you’re wearing his ring
They say you laughed when you heard my name
They say he takes you dancing, he holds you so near
They say he’ll buy you anything
Tell me am I foolish, I don’t believe these stories
Darling, I’ll be coming home soon

Louise, Louise, if it’s true
Tell it, tell it to me

Well, I know you will not see me, but I hear you have a daughter
I hear she has my eyes
They say she calls him father, and that he’s proud of her
And that he believes all of your lies
But for all your faithless beauty, I give all my tomorrows
And if you’re still thinking of me

Louise, Louise, if it’s true
Tell it, tell it to me

Took a job in Tennessee
To build a life for us
Give a kiss to win a heart
Take a kiss to break apart

They say you’re seeing someone, you’re wearing his ring
They say you laughed when you heard my name
They say he takes you dancing, he holds you so near
They say he’ll buy you anything
Well, tell me am I foolish, I don’t believe these stories
Darling, I’ll be coming home soon

Louise, Louise, if it’s true
Tell it, tell it to me
Oh Louise, Louise, if it’s true
Tell it, tell it to me
Oh Louise, Louise, if it’s true
Tell it, tell it to me

Written by: Tom Waits and Kathleen Brennan
Published by: Published by: Jalma Music Inc. (ASCAP ), © 1998
Official release: Friends Of Mine - Ramblin' Jack Elliott, Warner Entertainment, 1998
Recorded at Prairie Sun Recording Studios, Cotati, CA, on May 28, 1998
(Transcribed by Ulf Berggren. Listserv Raindogs discussionlist, 2000)