 In a remake of RKO s 1933 "The Cheyenne Kid" starring Tom Keene, and one of the few B-westerns played as a comedy while hanging onto the action and heroics of the standard series westerns, The Fargo Kid (Tim Holt) rides into Micaville (a favorite town name in RKO westerns) on a sorrel horse he won in a draw on the road with gunman Deuce Mallory (Paul Fix) . The horse identifies him to crooks Nick Kane (Cy Kendall) and Bush Cleveland (Ernie Adams) as killer-for-hire Mallory, and they promptly pay him $5000 to kill prospector Caleb Winters (Paul Scardon) . Curious, the Kid goes to Winters and finds him hostile toward anyone wanting to buy his land and claim as he believes he will hit paydirt soon. Meanwhile, the real Mallory has contacted Deuce and sent him to shoot Winters on sight and get the $5000 back from the Kid. Unaware of this development, the Kid walks into Nick s trap (who can t find the money on him), and then into the hands of Sheriff Dave (Glenn Strange), who thinks he is Mallory. With the aid of his pals, Johnny (Ray Whitley) and Whopper (Emmett Lynn), the Kid escapes, corrals Nick and the weasel-like Bush and herds them to Winter s cabin where Bush spills the truth---Nick wants Winters killed so he can buy the land cheap from Winters  daughter Jennie (Jane Drummond) and wife Sarah (Mary MacLaren), as he knows Winters is only 15 feet from a rich vein. The Kid turns Nick, Bush and Mallory over to the sheriff. As he and his pals ride off, he removes the rolled-up paper money from the barrel of his gun, where he had hidden it.