Red Ryder (
Bill Elliott) and Little Beaver (
Robert Blake) arrive on the scene too late to prevent the hold-up of the freight coach and the theft of a big bank shipment. Red's aunt, the Duchess (
Alice Fleming), operates the freight line and is unaware that banker Luther Jennings (
LeRoy Mason) wants to scare her into selling him the freight line at a low figure. Jennings has Red's herd of horses stampeded, and makes it appear that Red staged a fake stampede in order to defraud the government. Captain Glover (Steve Barclay (I)') arrests Red, who maintains his innocence and persuades General Wingate (
Stanley Andrews) to allow him to go after the real crook. Little Beaver accidentally finds the gang's cave-hideout and Red and Captain Glover find evidence proving Red's innocence and incriminating Jennings.
—Les Adams <longhorn1939@suddenlink.net>