Gene and his friends Pat and John Morgan transport a wagonload of freight to San Dimas. On the way, John is killed by attacking outlaws. Gene finds empty 49-90 bullet shells, and goes into investigation. Afterwards, John's son Tim sells the freight line to Paul Nash, the local banker. He was talked into it by Laura Bryan, who works for Tim, but also secretly works for Paul. To stop the sale, Gene puts to line into bankruptcy, and continures to investigate, only to find himself taken prisoner by the outlaws. Gene escapes, and returns to town, where he is accused of robbing a safe. Laura confesses she gave the combination to Paul to keep Tim from getting hurt. Gene is released, and goes after Paul, who is taken in.

Pat enters a chariot race at a local fair that's in town. Confident that Pat will win, Gene places a bet, using the budget of an old school that's funding for a new building. There's dirty playing as the champion chariotist sabatoges Pat's chariot. This doesn't go unnoticed by Gene, and insists that Pat trade chariots. Pat wins the race, and the school is on it's way to having a new building.

Gene is the foremen of the Jingle Bell ranch that was recently inherited by Torrey Palmer, who is wanting to turn a profit using modern methods of selling livestock. Seeing how Champion is Gene's horse, she decides to sell Little Champ to the highest bidder. Gene doesn't want to separate the two relative horses, he decides to scare Torrey away by spooking the place up a bit, and making her believe the ranch is haunted. She catches them in the act, and Gene and the hired hands are fired. After Gene leaves, Torrey is caught in a burning stable and rescue because of Champion's love for Little Champ. In the end, Gene and the hands are back, and Torrey decides to do things Gene's way.