John Wayne plays U.S. Marshall John Caruthers as he follows the trail of crooked speculators. When bandits terrorize a small town, Caruthers happens to be in the wrong place at the wrong time and the Sheriff accuses him of the crime. Meanwhile, unknown real estate moguls are buying up all the property in a supposedly worthless town. Unbeknownst to its citizens, the land is the source of a vast fortune in gold. BLUE STEEL fetures Wayne in an early role in the genre that would make him legendary.