Playing in C gives the song a little different flavor. Play it with capo on second fret to put it in the original key of D.
 	 
C                               G
Living on the road my friend Is gonna keep you free and clean
F                                     C                 G
Now you wear your skin like iron Your breath as hard as kerosene
F                                        C               F
You weren't your mama's only boy But her favorite one it seems
      Am                 F    C  G        F              Am      Am  G  C
She began to cry when you said goodbye And sank into your dreams
C                        G
Pancho was a bandit boys his horse was fast as polished steel
   F                                  C              G
He wore his gun outside his pants For all the honest world to feel
F                                    C               F
Pancho met his match you know on the deserts down in Mexico
Am              F  C  G            F                 Am     Am  G  F 
Nobody heard his dying words ah but that's the way it goes

F                          C                  F
All the Federales say they could have had him any day
Am               F    C G         F             Am    Am  G  C
They only let him slip away out of kindness I suppose

C                             G
Lefty he can't sing the blues all night long like he used to
F                                   C           G
The dust that Pancho bit down south ended up in Lefty's mouth
F                                 C               F
The day they laid poor Pancho low Lefty split for Ohio
Am              F     C  G        F            Am     Am  G  F
Where he got the bread to go there ain't nobody knows

F                          C                  F
All the Federales say they could have had him any day
Am               F    C G         F             Am    Am  G  C
They only let him slip away out of kindness I suppose

C                              G
Poets tell how Pancho fell and Lefty's living in a cheap hotel
F
The desert's quiet and Cleveland's cold,
    C            G
And so the story ends we're told
F                                       C              F
Pancho needs your prayers it's true but save a few for Lefty too
Am                 F   C  G       F                Am   Am  G  F
He only did what he had to do  and now he's growing old

F                     C                  F
All the Federales say could have had him any day
Am             F    C G         F             Am   Am  G  F
We only let him slip away out of kindness I suppose
F                         C                  F
A few gray Federales say  could have had him any day
Am             F  C  G              F             Am    Am  G  C 
We only let him go so long out of of kindness I suppose