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.
U.S. Marshals Nevada Jack McKenzie and Sandy Hopkins are working undercover to capture a gang stealing horses from the Navajos, and to capture the killer of a Ranger. Nevada poses as an outlaw to get in with the gang and find the leader, while Sandy pretends to be a drunken old horse thief that has knowledge of where the Navajos have hidden their ponies.
A fancy masquerade party is the scene of a jewel robbery, and later several suspects in the robbery are discovered to be aboard the same train.
