Ben Wade and his partner Frosty return to Bellounds' ranch where twenty years earlier Wade was wanted for murder. Unrecognized, he gets a job on the ranch and soon becomes involved in Folsom's cattle rustling and a chance to settle an old score.
Ken Maynard's exceptionally intelligent horse, Tarzan the Wonder Horse, is the star of this western about evil cowboy Steve Frazer (Welch) who gathers horses for slaughter, whose meat is sold to pet food manufacturers. The wild horse Tarzan frees the doomed horses from their corrals, and Frazer convinces the Sheriff that Tarzan is a threat and can be shot on sight. Local cowboy Ken Benson (Maynard) and rancher Pat Riley (Kennedy) work together to clear Tarzan's good name and put Frazier behind bars for his evil deeds.
Trouble starts when Bill Larkins and his two sons move in with his brother Joe. They start rustling cattle and then kill Rod's father with Joe's gun. The Sheriff and Rod think they did it and are after proof.
Steve Kinney and his henchman, Mort, are trying to stir up trouble between the local ranchers and farmers, behind a wave of rustling and lawlessness. Mort kills Vic, a Kirby cowhand, and lays the blame on Dan Harper, the leader of the farmers faction. Storekeeper Fuzzy Q. Jones, fearful of losing the outstanding charge-accounts he has on his books, drags his reluctant pal, Billy Carson, into the fray, and the two soon prove Kinney and his henchmen to be behind the valley's troubles.
Banker Mason is after the ranchers land so he can resell it to the railroad for a profit. He has the railroad agent killed and replaces him with his stooge who then offers even less than Mason. But Rocky eventually suspects Mason and when Bill Anderson informs him the agent is a fake, they head out after Mason
Howell breaks up a train robbery only to find that it's a fake. However the money is missing and he is blamed. He escapes and sets out to find the real thieves. He must also avoid being caught visiting the Collins ranch to see Doris.
The notorious outlaw Black Bart has reappeared and the Range Busters are sent to investigate. When they find that Black Bart is now a respectable citizen and that someone is impersonating him, they set a trap for the robber.
Ranger Eddie Dean is looking for the outlaw the Tioga Kid, a man he closely resembles. He runs into Joe Morino and his gang of rustlers at the same time Tioga arrives to cut himself into Morino's game. But Morino doesn't give in and in the showdown, Eddie and the Kid find themselves on the same side.
"Nevada" and "Weary" Pierce hijack the loot taken in a bank hold-up by Les Setter, and his gang. They escape from Sheriff Jim Henry Warner. U. S. government horse-buyer David Ward is killed by Settler's men and Settler takes his papers and goes to the ranch of Blaine and asks for the horses Ward was to buy, promising payment from the government later. He also takes an interest in Ina Blaine, much to the resentment of her sweetheart Ben Ide. "Nevada" and "Weary" are hired for the horse round-up but Setter has them and Ben arrested on a fake charge.
Harris and Rigby own a circus. Rigby is a counterfeiter and frames his partner. The Mesquiteers learn Rigby is the culprit and get a confession from one of his men only to lose the case when the man is murdered in jail. The Mesquiteers try again and send Lullaby to try and win some of the fake bills in a card game.
Lawyer Bowdre has started a war between the ranchers and the homesteaders planning to take over the homesteaders land when they are wiped out. Rancher Dan Stockton, having just married homesteader Gail Dawson, is caught in the middle. He suspects Bowdre is behind the war and it's not long before he gets a chance to prove it.
When Johnny and Mendez argue, the lights go out, and in the ensuing gunfight Johnny thinks he killed his friend Dick. Now refusing to wear a gun he crosses the border. But it is not long before he runs into Mendez and more trouble.
Brett runs a protection racket for an unknown boss. When Jeff Hayes arrives and opens a gambling den, they try to shut him down. Unlike the others who have given in, he plans to fight back.
Marshals Nevada and Sandy are after Scully and his gang who have been robbing stage-coaches. The Texas Kid is part of the gang and Sandy thinks he is bad but Nevada knows him and thinks he may be good.