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Texas Ranger Sergeant Jim Steele (Jim Newill) spots Pete Dawson (Bud Osborne) taking horses over the Mexico-Texas border, but Dawson has an alibi. A new group of recruits arrives at the Ranger station, among them, Tex Wyatt (Dave O'Brien), the son of Ranger Captain John Wyatt (Forrest Taylor), whom he hasn't seen for many years. Captain Wyatt tells Tex that, in the Rangers, he is there strictly on his own merit and there will be no favors played. He assigns Tex to pick up Dawson's trail, but orders that no arrest be made without proof. Jim, Tex and Ranger Panhandle Perkins (Guy Wilkerson) find Dawson and his men at the Oasis Trading Post where, forgetting his orders, Tex tries to arrest him. A fight ensues until Jean Lorin (Iris Meredith), the Post owner, covers the fighters with a gun and demands they stop. Dawson escapes and Captain Wyatt dismisses Tex from the Ranger Service for disobeying orders. The embittered Tex joins up with Rance Blair (I. Stanford Jolley) who, unknown to Tex, is partner of Dawson. He also unknowingly becomes involved with the rustlers, and is captured and arrested by the Rangers, but escapes. Captain Wyatt is wounded in the pursuit of the gang, and is captured and taken prisoner to their hideout.
Texas Rangers Tex Wyatt (Dave O'Brien) and Jim Steele (James Newill) arrive in Thunder Gap as undercover Rangers to investigate the hijacking of supply wagons of food for the miners. They come to town as members of a medicine-wagon troupe headed by another Ranger, Panhandle Perkins (Guy Wilkerson). Tex discovers the offices of the Hard Rock Mining Company being robbed by Ed Ransom (Jack Ingram), owner of the local freight company. One of Ransom's gang slugs Tex and kills an official of the mining company. Ransom tells the townspeople he arrived at the scene too late to stop the robbery and the killing and blames Tex.
Texas Rangers Tex and Jim head to New Mexico to bring in Yeager and his men who are fighting the new railroad. The real crooks however are Calloway and his lawyer Conlon who have been forging deeds and rustling cattle. When Tex sets a trap to bring in Yeager, Jim refuses and the two Rangers find themselves on opposite sides.
With the owner of a ranch now dead, Melford takes aim at the two heirs. The will states they must arrive by a certain date or the property will revert to his Lawyer cohort. When his men try to stop their arrival the Texas Rangers appear just in time. Tex poses as a hired gunman and Jim as one of the heirs as they try to find out why Melford wants an apparently worthless ranch.
The Independent Smelting Company is being forced out of business through ore shipments being hijacked while on the way from the various mines. Ma Donovan, owner of the Elkhorn Mine, asks for help from Texas Rangers Tex Wyatt, Jim Steele and Panhandle Perkins. They learn from Frank Burke, manager of the smelter, that if he cannot get ore he will be forced to close, and the miners will have to do business with the Rio Grande Corporation owned by Dan Wakely. Joan Manning, owner of the smelter, arrives from the east, with her fiancée Paul Jackson and, acting on his advice, intends to sell the smelter to Wakely's company. At a meeting, with the Rangers present, Joan instructs Paul to prepare an inventory of the plant for the sale, and he remarks that it is practically bankrupt. Tex suggests that the miners use the remark by Jackson to declare it bankrupt and appoint a receiver. They do so and make Tex the receiver. This does not set well with Wakley or Jackson, who is working for Wakely to help him get control of the smelter, and they launch an all-out attack against the miners and the Rangers.
Manning breaks out of prison and joins Blake's gang of outlaws. Later a paroled Muggs arrives to rejoin the gang. Muggs is the only one who knows where the stolen money is hidden and Manning is after it.
The Texas Rangers round up rustlers by masquerading as the same. Trouble ensues when while in disguise one of the Rangers is accused of a killing.
Texas Rangers Tex Wyatt, Jim Steele and Panhandle Perkins are sent to the district of Rawhide to investigate the killings of several ranchers. Tex enters the town posing as a tramp while the other two Rangers join a troupe of itinerant minstrels.
Ranger Tex Wyatt introduces himself as the notorious bandit Spade Norton. Crooked saloon owner Red Hayden believes him until the real Spade turns up and all hell breaks loose.
The Texas Rangers take on a shyster who is trying to bilk a family of their money after he learns that an oil company thinks their land may contain the black gold.