Anchor is building a railroad and to get cheap labor he gets Black Hawk's Indians to attack and burn the incoming wagon train. This forces the settlers to work for Anchor and he pays them in devalued scrip. When Rex figures out Anchor's swindle, Anchor gets Black Hawk to capture him. When Anchor turns on Black Hawk and shoots him, Black Hawk gets a chance to repay a debt to Rex.

Cast: Rex Allen, Koko, Slim Pickens, Roy Barcroft, Virginia Hall, Gil Herman