An ex-convict, Phil Beach, tries to go straight, volunteering his time as a Lincoln impersonator, but needs money for his sick wife. When his father in-law Sean Hawkins refuses to loan him money, Beach makes a deal with an ex-gang member to use his Lincoln disguise to create an alibi and rob Hawkins.
While out on the trail, the Lone Ranger and Tonto discover a young man who has been shot, floating in the river. After rescuing him, they learn he’s traveling west to meet his grandfather, who owns a successful ranch. Fearing that an enemy wants him dead because of his family ties, they get caught up trying to investigate who was behind the attack – and are stunned by what they find.