Parmalee sends Reese, Chad and Joe undercover, disguised as prospectors, to find Lazyfoot and his gang. In Aggie's Saloon they meet Grubby Sully who says he needs partners to get to his goldmine because it's in territory controlled by Lazyfoot. Chad and Joe lead the local sheriff to believe Reese is a wanted sheep rustler, giving them time to ride off with Grubby while Reese is locked up. The three are captured by Lazyfoot and Reese tracks them down. He frees only Grubby who he hopes will lead him to the gold mine. Reese returns to free Chad and Joe and foil Lazyfoot's plan to ambush Captain Parmalee and his reinforcements with a gattling gun. He then heads back to the mine. Chad and Joe get credit for the rescue and Parmalee thinks Reese was out looking for gold the entire time. Grubby eludes them and waves goodbye from the distance on the way to his real mine.

The four Rangers stake out and foil a bank robbery by the Emerson Gang, capturing leader Wayne Emerson and killing the rest except for Wayne's younger brother Ed. Reese's yearly enlistment with the Rangers is up and he intends on using his share of the reward money to buy some ranch land. He buys parcel 16 from the Fletchers and is excited until he discovers the land is under alkaline water! Eric sets out after the Fletchers, posing as a wealthy European who wants to buy land in Texas. Reese, Chad and Joe, with prisoner Wayne, in tow head for a rendezvous with Erik and the Fletchers in town. Reese wants to get his money back by force but Erik, Chad and Joe plan to get it back with finesse so they handcuff Reese to the bedpost in the hotel's bridal sweet along with Emerson. Later Chad and Joe decide Reese and Emerson would be safer in jail. They get Reese to sign his re-enlistment paper by telling him they will get the sheriff to let him out but keep it instead. Eric gets the Fl