This was the second of two shows that Gabby Hayes did for television, a Saturday morning entry where Gabby would spin a few yarns and in this case the defunct Producer's Releasing Corporation unloaded some of their product on television. The various poverty row studios had tons of B films that filled the airwaves of early television.
When Gabby wasn't telling tall tales about his various relatives and their legendary Pecos Bill like accomplishments he would narrate edited versions of old PRC films that would star, Buster Crabbe, Eddie Dean, Lash LaRue etc. He'd fill in the gaps and you'd see a western that would normally run an hour down to about 20 minutes. It was cheap programming, but effective.
And Gabby was great. It would surprise most to know that his whole western sidekick shtick was just that. He was a rather cultivated gentleman in real life who appreciated fine dining and dressed debonairly if not quite like Adolphe Menjou. The whole grizzled old timer thing was just an act.