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Lucky is falsely accused of robbing the local bank and assumed drowned in the river while being pursued by a posse. A grieving Hoppy takes exception to remarks made about his presumably dead young friend by local lawyer Cal Howard, and Hoppy knocks him down in public. Howard is engaged to Agnes, the pretty and personable daughter of local cattle rancher Glen Randall, who has borrowed heavily from the town bank in order to buy a herd of breed cattle. Howards callously materialistic attitude toward his fiance, coupled with his virulent jealousy of Agnes friendship with Hoppy, causes her to break off the engagement. The vindictive Howard pressures the bank to call in its loan on the Randall ranch and conspires to rustle the valuable herd, so that the Randall spread will fall into his hands. This is part of a larger covert plan by the avaricious lawyer to take over the entire valley on the behalf of a shadowy combine. A desperate Randall recruits Hoppy as his foreman to help him deal with the crisis and he immediately clashes with Howard. When Lucky turns up alive, he joins Hoppy and Windy in foiling the lawters greedy plans.
Hopalong Cassidy (William Boyd) and "Windy" Halliday (George Gabby" Hayes) are heart-broken when they hear that their Bar-20 pal "Lucky" Jenkins (Russell Hayden) has been killed by a sheriffs posse. Sheriff Boulton (John Beach) , through flimsy evidence, claims "Lucky" was involved in a bank robbery. The two saddle-mates decide to avenge "Lucky" and clear his name. Cassidy soon finds himself tangling with Cal Howard (Lee J. Cobb), a crooked lawyer, who is after the ranch owned by Glenn Randall (Morris Ankrum), which Howard knows is being sought as the key to a watershed in an irrigation project in which he is financially involved. Howard is also attentive to Randalls daughter, Agnes (Muriel Evans), whom he intends to marry in order to get the ranch if other means fail. Cassidy learns that Howard was behind the bank robbery, and that "Lucky: is alive and in hiding.
William Boyd
Hopalong Cassidy
George 'Gabby' Hayes
Windy Haliday
Russell Hayden
Lucky Jenkins
Morris Ankrum
Glenn Randall
Muriel Evans
Agnes Randall
Lee J. Cobb
Cal Howard
Ted Adams
Taggart
Al Ferguson
Henchman Joe
John Beach
Sheriff Boulton
Hank Bell
Square Dance Caller
Fred Burns
Party Guest
Horace B. Carpenter
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Dot Farley
Mrs. Anson
Bernadene Hayes
Party Guest
Harley Luse
Accordion Player
Leo J. McMahon
Cowhand Art
George Morrell
Square Dancer
Bill Nestell
Party Guest
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