Cassidy and his sidekicks Lucky Jenkins (Russell Hayden) and Speedy McGinnis (Britt Wood) find themselves involved with a horse thief.
A man named Baron Rendor (Morris Ankrum) arrives from Europe with plans to steal race horses, then change their names and race them to get top dollar.
Hoppy arrives in town at the same time as the Baron and is suspicious right off the bat. Later he is robbed of money, but he has marked all of the bills.
Hoppy sets a trap and finds that Baron has the same money that was stolen from him. This sets things in motion to bring doen the gang of theives and save the day.
This is a pretty simple plot, but it's well done and very entertaining. The rest of the cast includes Roy Barcroft, Jan Clayton, Kermit Maynard and Wright Kramer.
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