After the mill closes, Charles is unable to pay off his debt at the mercantile. Mr. Hanson is forced to close the mill after one of his big customers declares bankruptcy. This was after Hanson had already shipped them a bunch of lumber. Charles had been expecting two months worth of wages before Hanson was forced to close down. Charles must taken on several jobs at the same time. Mary gets a job to help the family, while Laura does the chores at home. When the bill finally gets paid, Nels tells Charles that he thinks Charles is the richest man in Walnut Grove, since he has a very loving family.

Mary is beginning to do worse in school because she has a hard time reading the blackboard. When Mary first gets her new glasses, she really likes them. The other school children begin to tease her. She purposely loses her glasses, until she realizes that her teacher, who wears glasses, has a boyfriend.

Although many in Walnut Grove think he's a homicidal maniac who lives in a haunted house, brave Laura Ingalls befriends mysterious hermit, Amos Pike, and soon discovers the truth behind both the rumors and the old man's reclusive life.

It's time for baseball! After losing badly last year, Walnut Grove expects to win with their star pitcher, Mr. Mumford. People in Walnut Grove are so confident that they are going to win, they place bets on the game. However, Mr. Mumford's wife won't let her husband play because of the gambling. Caroline convinces Mr. Mumford's wife to let her husband play on the condition that any money made from the game goes to the church.

In spite of a rocky start and over Charles' strong objections, the Olesons accompany the Ingalls on a family camping trip and, surprisingly, the oft-feuding families begin to enjoy each other's company. But will the warming relationship between them survive a cold plunge into a rushing river and Willie's rash decision to add a special leaf to his collection...the one that Mary won't touch?

Laura and Grace Snider both need dates for the annual Spring Dance, but those they have their eyes on seem not to be interested. Caroline shares with them a 'womanly wile' she used on Charles to get his attention, but when Laura and Grace try it the consequences are not what they had hoped for. Then Charles reminds Caroline of what actually happened when she tried it on him, and she changes her advice to Laura and Grace, with a happier outcome.

A widowed mother named Julia Sanderson (Patricia Neal) learns she has a terminal illness and, with no close relatives to care for her three children, John Jr., Carl and Alicia, she gets Charles to promise to find the children a new home after she dies. Meanwhile, Laura and Mary rescue some abandoned puppies, and the relationship between Mr. Edwards and Grace Snider begins to blossom.

Laura Ingalls is stunned to learn that her amiable fishing friend is none other than Walnut Grove's new banker, miserly Ebenezer Sprague, and heartbroken when he accuses her of becoming his friend to secure a loan for her family.

While fishing in a stream, Laura and a friend stumble upon ""gold"". They spend several weeks trying to pick up all of the gold. When they bring it to the bank, they learn that it is only fool's gold.

The school children have saved up some money to buy the Reverend a birthday present. They give the money to Mary, who is in charge of buying the present. Laura convinces Mary to buy something that they could sell to people with the hope that they could buy Reverend Alden a better gift. The plan backfires.

John is a lot more interested in books than farming or hunting. Mr. Edwards tries to make him different and buys him a gun for his birthday.

Laura and Nellie are rivals for the affections of a classmate's heart. The two polar opposites are after Jason, the new kid at school who is into inventions. Both of them have crushes on Jason, but Jason - who is into inventions and electricity - only has feelings for Laura...

Mary is excited when she has the chance to participate in a state-wide math competition. The problem is that Charles can't afford to have her go.

Charles and his girls go on a trip, while Caroline stays home. Just before they leave, she gets a scratch on her leg by a rusty nail. At first, everything seems OK. However, as time progresses, she gets weaker and more ill.

Mary, Laura, and Mr. Edwards' adopted son, Carl, go along with Charles and Mr. Edwards to a train station. The three children wander into the caboose. The caboose then begins to move backwards, going faster and faster. Another train is coming the opposite direction...

When Miss Beadle can no longer handle the older students' bullying, she is fired. Her mean-spirited succecssor immediately clashes with Laura, and unfairly blames her for several incidents in the classroom.

Charles, Mr. Edwards, and two other men take a job that involves handling and transporting explosives. They must deal with many things along the road, including prejudice.

Charles takes a job refinishing woodwork for Thurman in exchange for a nice set of china to give to Caroline. Widow Thurman was a lovely, young lady. To keep his secret, Charles had to lie. After he tells the girls and Caroline different stories, everyone suspects that Charles is having an affair.

The Independence Day celebration in Walnut Grove is threatened when taxes are increased. A Russian immigrant shows the people why America is a great place. Even though the immigrant lost his land since he couldn't pay his taxes, he was happy to be in America. He considered it to be the best place to live in the world.

The son of Mrs. Whipple returns to Walnut Grove after serving in the Civil War. To forget his painful past, he takes morphine, which he becomes addicted to.

After a tornado ruins his crop, Charles decides to sell the land and return to the Big Woods of Wisconsin without consulting his family.