The third in a series of four "G-Man" films produced by George A. Hirliman's Concord Productions for Grand National release finds smugglers have found that smuggling gold from Mexico has become a lucrative racket since the United States went off of the gold standard. McKenzie (William L. Thorne) and his gang operating from the Los Morados mine are sailing high until they happen to kill two federal agents and the Department of Justice sends in ace operative Alan O'Connor (Conrad Nagel) to find the killers and break up the gold traffic. He traces specimens of the precious metal to have come from the Los Morados mine, and sets off for Mexico. There he meets aviator Steve Williams (Frank Milan), who pays his saloon bills with gold nuggets. Alan persuades the proprietor of the Tarentella Cafe to add another entertainer to his staff, and then wires Washington to send Operative No. 37, Bobbie Reynolds (Eleanor Hunt), his sweetheart. (Nice work if you can get it.