Ben Ide spends his time chasing wild horses in Northern California, accompanied by the wanderer, Nevada and his Native American companion, Modoc. Rather than catching horses, he has earned the reputation of being a cattle rustler. But Ina Blaine, his childhood sweetheart, knows this is impossible. She defends Ben against the suspicions of her newly-rich father and his mysterious associate, Les Setter, who has a previous connection to Nevada. Looking toward the future, Ben Ide and his companions buy out a couple of ranchers in a severe drought and proceed to catch a lot of wild horses. He is after one in particular- California Red, whom Ina's father has promised as a present for her, if any man should catch him. Setter and Blaine set out to steal Ben's new land while he's off, and trouble follows.