Bob Kittredge is being forced by Red Devers to sell the ranch he inherited from his father. The Lone Ranger and Tonto, aided by Banty Bishop and the old ranch hands rescue Kittredge, and the ranch (and jobs of the ranch hands) are restored.

While on the trail, Tonto gets an urgent message to meet Chief Swift Eagle. The Lone Ranger continues on to a local mission to discover there are reports of Indian raids on supply trains, and any Indians found off the reservation are to be arrested and sent to Florida. Slowly the truth about the raids becomes apparent and the Lone Ranger must do all he can to save his friend Tonto and avoid an Indian War.

The Lone Ranger & Tonto visit old friend Joe Crawford at the Bar C Ranch. Instead they find two men who say Joe's sold his ranch, but won't answer any more questions. The Lone Ranger examines the bill of sale but the dates don't add up. The Ranger and Tonto suspect foul play and begin a search for answers.

Jim Andrews holds up the Wells Fargo office and steals a specific amount of money (5,000.00). He needs the money to enter "Outlaw Town" a safe haven for outlaws who can pay the equivalent of the price on their head. The Lone Ranger decides to infiltrate the town and find out who is behind the operation. Along the way the Lone Ranger discovers Jim Andrews's real motives for his actions.