Novel
John Payne is the no-good lowdown rat who tries to capitalize on postwar patriotism and grief. He finagles a war widow (Joan Caulfied) into giving up her savings for a nonexistent memorial. When Payne falls in love with the widow he has pangs of conscience, but he reckons without his con-artist boss (Dan Duryea), who tends to bolster his arguments with muscle and bullets.
Screenplay
In 1865, Captain Mark Smith of the Confederate Army leads a band of deserters to conquer Texas and rule it as a dictator. In one of his first actions, he captures and assumes the identity of Texas' new Finance Commissioner, Colonel Marcus Jeffries, after having the real man murdered. When a contingent of Texas Rangers enters the territory, Snead, one of Smith's men, leads them into an ambush by Smith's "troopers". The Rangers are apparently wiped out, although one injured survivor is left. The survivor, nursed back to health by Tonto, swears to avenge the massacre and defeat "Colonel Jeffries" and his men.
