- Butch Cavendish: Well, who is he?
- Sheriff Two-Gun Taylor: I don't rightly know his real name, but I've heard him called... 'The Lone Ranger.'
- The Lone Ranger: Cavendish is out cold.
- Sheriff Two-Gun Taylor: Where you been, Stranger? I was gettin' worried.
- [last lines]
- Narrator: Will the Lone Ranger triumph as he fights on for justice, law, and order? Be sure to be with us next week at the same time when General Mills brings you another thrilling adventure with the Lone Ranger!
- Tonto: Now Cavendish gang captured, Kemosabe, you take off mask?
- The Lone Ranger: I'm going to continue to wear the mask and keep my identity a secret.
- Tonto: For how long?
- The Lone Ranger: Our job has just begun. We have a lot of trails to follow.
- Tonto: That good.
- Henchman Jerry: They're from Colby. And the masked man's leading them.
- Butch Cavendish: We can take them. We outnumber them. Let 'em have it, men!
- Sheriff Two-Gun Taylor: Hello, Cavendish. I didn't think you'd catch him, partner. Now we got the whole dang bunch.
- The Lone Ranger: You and your men are to be congratulated, Sheriff.
- Sheriff Two-Gun Taylor: Thanks. If it hadn't been for you, we'd have gotten nowhere. I'll be with you in a minute.
- [indicating Cavendish]
- Sheriff Two-Gun Taylor: I'll take care of this one personally. C'mon.
- [Lone Ranger signals Tonto and they slip out undetected]
- [first lines]
- Narrator: In a shady glen, ten miles from the western frontier town of Colby, there is a strange gathering beneath the trees. Taken prisoner is Butch Cavendish, notorious leader of an outlaw gang. A man who recently murdered several officials of Colby, and replaced them with his own men, as part of his daring plan to take over the town. Prisoners also are three of his henchmen. Sheriff Two-Gun Taylor has come upon the outlaw chief and his men as Cavendish was being treated for a bullet wound by Doc Drummond who had been abducted from town to perform the job. While waiting for his Indian friend, Tonto, who was sent to town for help, the Lone Ranger is untying the outlaws' horses. When Silver, his own mighty steed, hears a strange sound.