During the Great Depression, Phineas Flagg, a cunning con man, purchases all the ranches in Arizona's Gunsmoke Valley at a low price. He then sells the land to displaced families, misrepresenting it as prime farmland, for a significantly higher price. Unbeknownst to the families, the area has been condemned for the construction of a dam and will soon be flooded.
Gunsmoke Ranch
The Three Mesquiteers discover that a notorious crook, Flagg, is relocating flood victims to Gunsmoke Ranch, and they attempt to alert them to his true intentions. Despite their warnings, the victims improve the land only to find out that it's been condemned for a new dam project.