 Tim Ross (Tim McCoy), formerly an agent for the Justice Department, is traveling with the Doc Shaw (Earle Hodgins) medicine show as a sharpshooter. He runs into an old friend, Tex Weaver (Ralph Byrd), who is working undercover to roundup a bank-robbing band. Later, while Tex is holding a coin for Tim to shoot out of his hand at a show exhibition, another shot is fired from the outer circle of spectators at the same time as Tim fires. Tex falls dead. Everybody, but Tim and saloon girl Goldie Harris (Lois January), Tex s girlfriend, is convinced that Tim misfired and hit his friend. Goldie has picked up the coin Tex was holding and knows Tim did not miss his intended target. Tim rejoins the federal service and swears vengeance on the real killer, Runniyon (John Merton), a member of the gang. Disguised as a Mexican caballero (with an added mustache and a large sombrero and a larger accent),Tim goes to Clearwater, where he meets Goldie, who sees through his disguise and agrees to help him find the killer of her lover. Tim s investigations convince him that the secret head of the bank robbers is bank examiner Wiley Taggart (J. Frank Glendon), with the active leader being saloon owner Buff Brayden (Ted Adams). Tim sets a trap by getting a fake message to Taggart and Brayden that a large sum of money has been deposited at the bank in Bordertown. Tim gets the outlaws but not before Goldie gets a bullet in her shoulder saving his life. Grittier than most B-series westerns and Lois January s "Goldie" is a smoldering litte number.