Story of a boy and his horse. Mike is the horse and is owned by Speck and his best friend Jimmy, together they have a paper route, on which they deliver papers to customers via a wagon pulled by Mike. Recently a horse track has been built in the area and attracts horse breeder and racer Colonel Whiteny. He takes out a subscription for delivery and meets Mike and Speck & Jimmy. Clever Jimmy talks both the Colonel and Speck into taking on the Colonel's pure bred race horses at the track with comedic results.
Stuart Erwin
as Jay Spencer
Robert "Buzz" Henry
as Jimmy Dolan
Carl Switzer
as Speck
Pierre Watkin
as Colonel Whitley
Marion Martin
as Kitty Tremaine
Gene Kenyon
as Erin Dolan
Edythe Elliott
as Mrs. Dolan
Bob Meredith
as William 'Sandy' McKay
William Halligan
as Doc Scott
Lane Chandler
as Sam Hildur
Ed Cassidy
as Dr. Pronnett
Eddie Rocco
as Bill Slagle