An employee embezzles a sum belonging to the company where he works and loses it by making a wrong speculation. The employee's sister asks her fiancé for the dough so she can save her brother from shame. The fiancé refuses; then the girl decides to confront the director of the company to explain everything to him.
A reworking of a familiar theme, the story finds scheming steel tycoon James J. MacGlennon (Tully Marshall) and his high-minded lawyer son Jonathan (Alan Baxter) simultaneously ending up behind bars.
Tex Wyatt is blamed for a murder actually committed by Ransom and Holman, a couple of thieves. Tex manages to escape and is reunited with his two ranger pals Jim Steele and Panhandle Perkins, both of whom are working undercover as performers in a medicine show.