Britt Reid, the heir to the largest newspaper fortune in Los Angeles, is a spoiled playboy who has been, thus far, happy to lead an aimless life. After his father dies, Britt meets Kato, a resourceful company employee. Realizing that they have the talent and resources to make something of their lives, Britt and Kato join forces as costumed crime-fighters to bring down the city's most-powerful criminal, Chudnofsky.
When the young Texas Ranger, John Reid, is the sole survivor of an ambush arranged by the militaristic outlaw leader, Butch Cavendich, he is rescued by an old childhood Comanche friend, Tonto. When he recovers from his wounds, he dedicates his life to fighting the evil that Cavendich represents. To this end, John Reid becomes the great masked western hero, The Lone Ranger. With the help of Tonto, the pair go to rescue President Grant when Cavendich takes him hostage.
Homesteaders are moving into the valley settled many years ago by rancher Craig Dolan. He wants to keep them out by legal means but his nephew Bart brings in outlaws to drive them out. The Lone Ranger is on hand to help the homesteaders battle Bart's men as he overcomes traps, ambushes, burning buildings and other obstacles in his attempt to bring peace to the valley.
