The four Rangers stake out and foil a bank robbery by the Emerson Gang, capturing leader Wayne Emerson and killing the rest except for Wayne's younger brother Ed. Reese's yearly enlistment with the Rangers is up and he intends on using his share of the reward money to buy some ranch land. He buys parcel 16 from the Fletchers and is excited until he discovers the land is under alkaline water! Eric sets out after the Fletchers, posing as a wealthy European who wants to buy land in Texas. Rees...