Rancher Tim Clark borrows money from Bob Russell, who then rustles Clark's cattle so he will be unable to repay the money. Thus Russell is able to cheat Clark out of his ranch. Clark becomes a prospector for silver and ultimately comes to settle accounts with Russell and crooked deputy Bendix.
This is actually quite a fast-paced little story - thing is, though, the plot has been more crochéd together rather than knitted; and the holes can be a bit annoying at times. The plot is pretty old hat; grasping landowner sets up the hero (Tim McCoy) who has to clear his name to get the ranch and the gal. It has been made on a shoestring, with lots of film run at double speed to accelerate the effects of the frequent horse chases. There are a few, limited, appearances from John Wayne as his amiable sidekick but Alice Day is just plain annoying as the feisty dame and McCoy has all the charisma of a beermat. I love all these 1930s Westerns, and this is no better/worse than many. Kills an hour.