Craig Morton, fronting for an eastern electric concern, and town banker Emerson Wheeler are scheming to gain control of a water-supply dam owned by local ranchers. The bank is to foreclose on the ranchers, and sell the ranches to the corporation for a large profit. Senator Gleason promises to help the ranchers, but he is murdered. Terry Reynolds, posing as an outlaw called the Nevada Kid, meets and works with Gleason's daughter, Edith, to trap the crooks and bring about a square deal for the ranchers.