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Donald Barry plays the legendary outlaw of the title in this Roy Rogers Western which, needless to say, plays fast and loose with history. Returning to Missouri from the gold fields of California, Gabby Whittaker (George "Gabby" Hayes) is persuaded by his granddaughter, Mary (Pauline Moore), to deposit his earnings in the Northfield bank, which is then promptly robbed. Assigned by the Bankers' Association to track down the presumed culprits, Jesse James and his brother Frank (Harry Worth), Roy Rogers soon learns that the Jameses are innocent in this particular crime, which was instead committed by the bank's greedy president, Sam Wyatt (Arthur Loft). Before Rogers can capture the wily banker, he must contend with the interference of Captain Worthington (Harry Woods), a railroad detective more interested in pocketing the 50,000-dollar reward than see justice done.