Cowboy balladeer Roy Rogers meets Sue Farnum (Dale Evans), a girl returning from back East, who is cheated out of her inheritance by a greedy scoundrel and kidnapper named Ripley (Grant Withers). As if things weren't bad enough, Roy's friend, ranch-owner Gabby Whitaker (Gabby Hayes), has misplaced his title papers. Nor…

Gabby refuses to breed his horse the Golden Sovereign with Roy's. When the Sovereign and Roy's horse escape, Skoville shoots the Sovereign by mistake but Roy is blamed and jailed. A year later Roy returns with Trigger, the son of the Sovereign. When Skoville slips and reveals he was present when the horse was shot, Roy…