Eddie Dean is a Cattlemen's Association agent investigating a serious rash of rustlings along with sidekicks Soapy (Roscoe Ates) and Waco (Lee Bennett. The latter bears a striking resemblance to Lawrence ranch foreman Bert Ford (also Bennett), who has been the target of several assassination attempts. Rancher Lawrence (Lee Roberts) and Eddie decide that Waco shall impersonate Ford, who is hiding out in a hotel room.

Hoppy and Lucky have been called in to investigate a series of stage holdups. The robbers are taking gold from Colby's mine and Hoppy suspects it may be ex-outlaw Colby himself. When Speedy strikes gold, Hoppy borrows it and announces a gold shipment hoping to catch the gang and their leader.

European bad guy Baron Bendor leads some local townsmen in a plot to obtain horses through theft. Hoppy and his sidekicks Lucky and Speedy must find and expose the horse thieves.