A.C.Baker, advertising executive for an insurance company, approaches test pilot Terry Moore with a proposition that in return for using his picture and endorsement he will get a paid-for-a-year $1000 policy.
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.
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.