Morgan (Frank Shannon) pays off Randy (Smith Ballew) and Barry (Stanley Fields) with a promissory note to be collected at the Blake ranch. They arrive to find Mrs. Blake (Ruth Robinson) sick and without any money, her back taxes due, her ranch hands departed, and her son in need of an operation. With Randy attracted to Janet (Cecilia Parker) and Barry hoping to help Danny (Wally Albright), the two decide to stay.

Charles Laughton plays Kidd, a merchant captain who cons the King of England into allowing him to take to the sea to recover a lost treasure and escort a ship back to London. An old fellow conspirator who he thought dead (John Carradine) and a mysterious young man (Randolph Scott) manage to get on board and cause problems for Kidd.