Nancy Barton has run away with outlaw Dirk Nelson. Come to find out, Nancy's father had helped Dirk rob a bank a few years before. The Lone Ranger poses as an outlaw called "The Masked Rider" to infiltrate the Nelson gang and to rescue Nancy. Dirk has the Lone Ranger prove his shooting skill but really is checking the bullets. Dirk knows silver bullets are the sign of the Lone Ranger and plans to kill him during a stage robbery. Nancy warns of the plan. The Sheriff is told of the plan by Tonto and captures the whole gang during the stage robbery.