A range lawman (Ken Maynard) unmasks a black-cloaked phantom killer (Sheldon Lewis).

It's time for the stagecoach race to win the mail contract and the only entries are Reden and Farrell. Reden's men kidnap Farrell's daughter and then force him to withdraw. Wally rescues Ruth, buys out Farrel, and enters the race himself. But Reden has his men planted along the course to make sure Wally doesn't win.

There is a feud on the Colonel's ranch between his foreman Longrope and some of the hands. The Colonel is firing those that don't get along with Longrope and it looks like Wally will be next. But things change when Jim overhears Longrope's plan to rob the Colonel. Longrope shoots Jim and this sends Wally into action.