While the law hunts him, Jesse James lives quietly in a rented house on the corner of Lafayette and Twenty-first street in St. Joseph, Missouri, under the alias of Tom Howard. His wife Zee begs him to end his association with the Ford brothers. Before they can leave on a "last" bank holdup, Bob learns that his childhood sweetheart, Cynthy Waters, now an actress, is in St. Joe and he brushes aside all caution to see her. Cynthy is beginning to realize that she is a liability to her manager, Harry Kane, because she will not leave Missouri. Meanwhile, John Kelley has come into her life. She pleads with Bob to turn honest. Cynthy tries to get a pardon for Bob, but the best offer she can get is for a 20-year stretch in prison. Then, the Governor offers amnesty and a $10,000 reward to any member of the James gang betraying Jesse. When his chance comes (April 3, 1882)Bob shoots Jesse in the back. He gets the amnesty but the reward is cut to $500. He also loses the love and respect of Cynthy, but he blames John Kelley. Bob, needing money, joins Kane's show in an act showing how he killed Jesse James, but the act is a miserable flop. Bob goes to crowded Creede, Colorado, scene of a silver boom.There, he has to share a room with another prospector, who turns out to be Kelley. The next morning, Kelley and a diamond ring that Bob had bought for Cynthy are both gone. While hunting for Kelley, Bob meets an aged prospector, Soapy, who takes him in as a partner. They strike it rich and Bob sends for Cynthy, who arrives accompanied by her maid and Kane, and Bob meets the arriving party. Kelley also shows up, dragging a hotel clerk who admits to stealing the ring. Kelley is surprised to find Cynthy with Bob and thinks they are married. He is relieved to learn the truth and soon accepts the job of Creede's town Marshal. Cynthy admits to Kelley that she does not love Bob, but she feels responsible for his having killed Jesse. Frank James comes to her hotel suite demanding that Cynthy tell him where Bob is. Kelley disarms him and locks him in jail. Days later, Bob and Soapy and others are celebrating in the hotel bar, awaiting news of the verdict on Frank James. The news of his acquittal and Frank himself arrive simultaneously, and Frank, who holds the upper hand informs Bob of Kelley's and Cynthy's relationship, knowing its effect on Bob would be worse than death.