Jimmy Wakely wishes to sell to the government a group of wild mustangs which he has captured and trained for rancher Matt Blake. The competition is Flora Carter, the owner of a near-by ranch. The army colonel in charge decides to buy the winning horses of a cross-country race. Flora has her henchmen, led by Sam Phelps resort to foul means in order to try to win the race.

A black cat is suspected of being possessed by the spirit of a elderly murdered woman.

Jimmy and partner Dusty have bought a ghost town in the Cherokee strip. When they arrive they find their other partner Lasses has sold 51% to four crooks.

To save their music publishing firm from bankruptcy, Bill "Brains' Watson creates a colorful life-story about his partner, Danny Lee, representing him as a descendant of Louisiana's famous Josh Lee family and rightful poet laureate of Dixieland.

With the Government Remount Service unable to meet it's quota of horses, Marshal Fred Martin arrives to try and find the rustlers. Apparently just a singing cowhand dressed in white, he becomes the masked Two Gun Troubador dressed in black when he goes after the outlaws. He quickly learns Tex Walters is the leader of the gang but he must find out who is the big boss that gives Walters his orders.

Rod Drew hunts for a missing girl and finds himself in a fight over a goldmine as well.

Moran and Mack decide to attend the races and end up winning a large sum on a horse named Mud Lark. They decide that to make even more money, they need a horse of their own. They buy a horse with a broken leg from a crooked gambler, but manage to con the gambler into buying back his own horse.

First entry in the Educational Pictures Moran and Mack series.