Gangster Chandler and his accomplice Tracy arrive at a dude ranch. Cowboy Kentucky arrives at the same time. When Tracy double-crosses his boss and has the stage robbed, Kentucky finds the outlaws and brings them in. Tracy frames him for the murder of the driver but his pal Cactus gets him out of jail. He returns just as Chandler shoots Tracy and Kentucky finds himself arrested for another murder.

The Eagle uses sky writing to make threats against a corporation. Nathan Gregory owns a travelling fairground and is thought to be the Eagle. Craig McCoy is a pilot who goes looking for the Eagle when Gregory turns up missing.

A mysterious criminal known as The Whispering Shadow commits crimes by means of a gang he controls by television and radio rays. Jack Norton, whose brother was murdered by The Whispering Shadow, suspects that the eerie Professor Strang - whose ghostly wax museum contains figures far too lifelike - may be involved in the crimes.