Henry Courtney, a wealthy importer is found murdered and the famous DeNormand necklace has been stolen. The false testimony of two witnesses, Rand and Hobbs, puts Jim O'Brien in the shadow of the hangman's noose. Martha Courtney, widow of the murdered man and Jim's former sweetheart is convinced he isn't guilty, and promises crooked lawyer Roger Lanning the necklace - which Jim doesn't have - if he can arrange for Jim's escape. Rand and Lanning killed Courtney, but Lanning doesn't know that Rand has the necklace.

Outlaws attempting to kidnap Steve Blaine from a stagecoach are ran off by the sharpshooting of his sister, Sally and rescuers Jimmy Wakely and Cannonball Taylor. Steve is investigating his father's sudden death after charges of theft from the Sloan/Carson mine. Sloan is killed after Wakely learns that ore is being smuggled across the Mexican border into the mine, and then sold at the higher U.S. prices

Billy the Kid fakes his own death at the hands of Pat Garrett, but is forced to come out of hiding to stop a ruthless cattle baron from destroying a small frontier community.