Horse breeders Adams and Brock are vying for the Army contract. When Adams is killed trying to ride his horse Trigger, Roy saves the horse from being shot. He trains him and then plans to ride him in the race to win the contract.
Bat Masterson, who after failing to secure a job as a newspaper reporter becomes marshal of Dodge City. Preferring socializing to peacekeeping, Masterson falls in love with Dora Hand, the obligatory golden-hearted chorus girl whose concern for the welfare of her fellow citizens at time reaches Madonna-like dimensions. When Dora is shot down cattle baron King Kennedy, Masterson begins taking his job seriously. After taking care of Kennedy, Masterson determines to enshrine the memory of Dora, whose efforts to clean up Dodge City were largely ignored by the "decent" townsfolk.
When Ranger Hoppy's falsely accused young ranger friend is killed while supposedly trying to escape from jail, Hoppy is blamed and drummed out of the Texas Rangers.
Unknown to oil company president Ross, his man Quinn is pulling a swindle on the independent drillers. Quinn controls both the Judge and the Marshal. But when the Marshal is accidentally killed, Wild Bill Elliott is brought in as the new Marshal and things begin to change.
Roy returns home to fine a range feud between the cattlemen and the sheepmen. When his friend is killed he finds the rifle had a defective pin. He learns the rifle belongs to a ranch hand named Barker and that a third party has caused the feud. When he captures outlaws trying to blow up a dam, he claims Barker was the killer. But Barker has switched rifles and the outlaws now accuse Roy and Roy finds himself in trouble.
Wounded while stopping the James gang from robbing the local bank, a cowboy wakes up in the hospital to find that he's been elected town marshal. He soon comes into conflict with the town banker, who controls everything in town and is squeezing the townspeople for every penny he can get out of them.
Billy the Kid and Fuzzy Jones are on their way out of Arizona being chased by some riders who hope to cash in on the reward money for their capture. They are warned in time by Ed Dawson, but Ed is wounded in the getaway. They get a doctor to attend to Ed. The latter tells them there is a range war in progress across the border and that he is looking for men to help make a cattle drive to the rail junction.
A man of no worth brags to his daughter back East that he is rich and owns a big ranch. When she decides to pay a visit to her father, Roy and his buddies agree to pretend that the poor man is the owner of the ranch.
As rustled cattle have mysteriously disappeared, Johnny sends for his friend Hoppy, Hoppy arrives and immediately suspects Dan Slack. Realizing his telegram about Slack was intercepted, he locks up the operator Lafe knowing he can escape. Tailing Lafe he finds a secret entrance to a mine and inside finds the missing cattle. But Slack's men also find him just as the cattle are stampeded through the mine shaft.
Popular mailcoach driver Uncle Willie is in fact in league with the town's crooked banker. They plan to have the bank robbed after emptying it, and when Willie's choice for this doesn't show in time, he gets some local boys to do it. When his man does turn up he decides to stick around, as he is pals with the sheriff and also takes a shine to Willie's daughter Allison. This gives the bad men several new problems.
When three Texas Rangers try to investigate kidnapped Mexicans being used as forced labor in the mines of Silver Bullet, they are framed for murder by the town's corrupt sheriff.
Posing as a cattle buyer, Hoppy crosses over into Oklahoma where the Jordan brother's and their outlaw gang operate outside the law. After receiving an unfriendly reception when he finds them, he, California, and Johnny rustle their cattle and drive across the river into Texas. He hopes they will cross over to retrieve their cattle and then he can arrest them.
Newly appointed sheriff Pat Garrett is pleased when his old friend Doc Holliday arrives in Lincoln, New Mexico on the stage. Doc is trailing his stolen horse, and it is discovered in the possession of Billy the Kid. In a surprising turnaround, Billy and Doc become friends. This causes the friendship between Doc and Pat to cool. The odd relationship between Doc and Billy grows stranger when Doc hides Billy at his girl Rio's place after Billy is shot.
Burton is after Clark's ranch. He gets the banker to refuse to renew Clark's note and then sends his men to rustle his cattle. Hoppy is Clark's new foreman and is on to Burton's scheme. But just as he learns of the rustling and is about to go after the gang, the Sheriff arrives and arrests him for hiding Johnny who has been accused of robbery.
Richard Dix as Dan Taylor and Preston S. Foster as Paxton Bryce are two longtime friends seeking their fortune in Texas after the war. The two men decide, not without problems, to establish a cattle empire. Paxton becoming too ambitious, distances himself from Dan and Abby, Paxton's wife. It will only be after a personal tragedy that he will come back to his senses.