Lightning Bill Carson and sidekick Magpie are after Burrows, the man that killed a friend of theirs. Burrows is after the Arden ranch and his gang are rustling their cattle. Bill is robbing Burrows while posing as the mysterious Phantom and it's not long before the two collide.
| Actor | Role |
|---|---|
 Tim McCoy'Lightning' Bill Carson | 'Lightning' Bill Carson |
 Joan BarclayMolly Arden | Molly Arden |
 Ben CorbettMagpie McGillicuddy | Magpie McGillicuddy |
 Forrest TaylorJim Burrows | Jim Burrows |
 Ted AdamsReno | Reno |
| AAvando ReynaldoRita | Rita |
 Bob TerryMort Burrows | Mort Burrows |
 Dave O'BrienEd Arden | Ed Arden |
 Frank EllisHenchman Al | Henchman Al |
 Reed HowesAce the Card Sharp | Ace the Card Sharp |
 Slim WhitakerHenchman Durkin (as Slim Whittaker) | Henchman Durkin (as Slim Whittaker) |