Western favorites Ray "Crash" Corrigan and Hoot Gibson head the cast of the 12-chapter Republic serial The Painted Stallion. Corrigan plays American federal agent Steve Clark, on assignment in Santa Fe to draw up a trade agreement with the newly installed Mexican governor. Meanwhile, Walter Jamison (Hoot Gibson) leads a wagon train from Missouri, hoping to take advantage of the new agreement. Among Jamison's passenger are famed frontiersman Jim Bowie (Hal Taliaferro) and a very youthful Kit Carson (Sammy McKim). The destinies of all these personalities intersect when villainous ex-governor DuPrey (LeRoy Mason) schemes to undermine the treaty and take over the New Mexico territory for his own vile purposes. Somewhere along the way, Davy Crockett (Jack Perrin) joins the "good guys" in their efforts to thwart the despicable DuPrey. Years after the release of The Painted Stallion, film historian William K. Everson waxed rhapsodic over a particulary exciting chapter ending-then commented that he hoped never to see that particular ending again, just in case it proved to be less exciting than he remembered.