Hugh Nichols, an absentee ranch owner, visits his Colorado properties in the guise of a peddler of musical instruments. He finds that his agent, Frank Dunlap, has been cheating him and obstructing the construction of a dam Hugh's father had promised the ranchers. Dunlap has also been trying to ruin Old Man Swain, whose daughter, Peggy, he covets. Hugh falls in love with Peggy, who is the leader of the irate ranchers. Dunlap dynamites the dam, trapping Peggy in the resulting flood. Hugh rescues Peggy with the aid of his horse, Tony, and Dunlap is arrested.
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