An irresponsible preppie, Preston West, is presumed to have murdered his parents for a sizable inheritance, so he flees to find the real killer, Phantom 13, a crazed freight train hobo. Riding speeding boxcars, Preston encounters hostile train yards, vicious railroad cops, hidden hobo jungles, mysterious Lacy, the notorious Baron and his colorful Hobo Gang. In a surprise ending, Preston finally confronts Phantom 13.

Based on a true story. Three greedy capitalists, a land baroness, banker and politician, flood a Vermont farming valley to create a lake resort. Ten years later, following a severe blizzard, the three perpetrators are left stranded in nearby Ramage House and the vengeful spirits of the town are woken.