An aging manager and his talented pugilist travel town to town, winning money by boxing. They arrive one day in a boxing tycoon's town and quickly make waste of his best boxer; demanding a chance to win back his money, and the Dead Man's Gun, the tycoon brings in a ringer and has his ruffians ambush the boxer one night, forcing him to break his hand on one of their skulls. Meanwhile, the manager has taken in a young boy who years to learn the art of boxing.

Faced with the choice of forfeiting, or making his boxer fight with one hand, the manager elects to return to the ring for one lst fight, 14 years after retiring, against one of the best boxers. He is badly beaten for several rounds before taking his own advice from the boy: win with your heart! He uppercuts the boxer, punches out the tycoon, and leaves town with his money, but not the Dead Man's Gun! That's for sure!