Red Ryder convinces homesteaders to settle in Paradise Valley. Business men in nearby Central City want control of the valley and water supply and propose to build a dam for half interest in the land. They use Red to generate interest in the dam but when the dam is completed, they rig the stockholder's meeting so Central City will get the water.
Allan Lane
as Red Ryder
Robert Blake
as Little Beaver
Martha Wentworth
as The Duchess
Ann E. Todd
as Melinda Hill
Gene Roth
as Bill Hume
Mauritz Hugo
as Rufe Hume
Emmett Vogan
as Mr. Langley
Milton Kibbee
as Editor A. C. Blaine
Tom London
as Rancher
Edythe Elliott
as Mrs. Hume
George Chesebro
as Henchman E. J. White
Ed Cassidy
as Sheriff of Center City
