Spots 
Hashknife Hartley and Sleepy Stevens step into Dancing Devil country just as violence erupts in Northgate and Tomahawk Flats. A bank robbery has bankrupted local cattlemen, and young Johnny Davidson sits in jail because his distinctive silver ring was spotted on a bandit. When Hashknife visits the cell, Johnny breaks his silence to reveal he traded the ring to Chiquita Morales, linking the heist to her sudden murder.
Part 1
Finding the turquoise ring hidden inside Chiquita's buggy proves someone staged the evidence to frame Johnny. Bank owner Thomas Colton pressures ruined ranchers like Uncle Andy Davidson to sell off their spreads to outside buyers. Meanwhile, suspicious deaths mount when visitor Slim Regan perishes in a canyon crash and hired gun Cass Trent attempts to ambush Hashknife. Every death serves to protect a secret plot behind the ruined bank.
Part 2
Hashknife plants the ring on Harry Colton to panic the conspirators into exposing themselves. After intercepting a hidden valise packed with stolen cash, Hashknife corners banker Thomas Colton alongside rancher Sam Hack and cowboy Gus Staley. Staley confesses that the gang engineered the robbery to buy up cheap land, killing Oren Blakely and Chiquita Morales to hide the truth. Exposing the plot clears Johnny in time for Christmas.
Part 3
How clever detective work and quiet persistence unravel a deadly conspiracy to ruin a Western ranching town.