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Lois (Noel Neill) writes a story about the discovery of an ancient necklace with alleged magic powers. It is said that whosoever wears the necklace will be protected from all harm. Gangster boss Jake Morrell (Lawrence Ryle) decides to kidnap Lois as part of a scheme to find out if necklace is all it is cracked up to be--but Morrell has reckoned without the intervention of Lois' fellow reporter Clark Kent (George Reeves), who happens to have an alternate identity as a flying superhero.