 Inept insurance salesman Milford Farnsworth sells a man a $100,000 policy. When his boss learns the man was Jesse James he sends Milford after him with money to buy back the policy. After a masked Jesse robs Milford of the money, Milford s boss heads out with more money. Jesse learns about it and plans to rob him, have Milford dressed as him get killed in the robbery, and then collect the $100,000.