| Synopsis
| - Continued from last issue...
- Meanwhile, Captain Ruff discovers his treasure is missing. He growls that the Black Pirate was still alive, and orders his men back to the ship...
- Zatara receives a guest in his home, Miss Etta Nolan, who seeks his help protecting her from Chalo, a magician who uses black magic.
- The Aces land their planes in a sleepy Arizona town, where they are soon arrested on charges of bank robbery! Obviously being framed, Gunner Bill escapes incarceration to find proof of their innocence.
- Tex and friends head to Africa, investigating the rumors of a device that can cause invisibility. As it goes with their luck, the trio are set upon by natives who take them to the lab of a mad doctor.
- In his exploration of the island, Jon Valor discovers the cave where Captain Ruff had hidden more of his treasure. He moves it to a new location so that it wouldn't be found. When Ruff's ship returns to the island, Valor climbs aboard while the captain is away. He announces to the remaining crew that he is their new captain.
- While playing as a backup pitcher for a major league baseball team, Pep stumbles across an attempt to kill "Fog" Wallace, the team's number one right-hand pitcher. As he investigates deeper, Pep finds out that an old rival of Jim Shaw, the team's coach, wanted to ruin his career. Whether it be through sabotaging the team's chances at the pennant, or Shaw's own death. Pep, with the help of his teammate Joe Donlin, makes tracks to stop the wicked plot.
- When Clip, and his friend Lieutenant Diaz, are captured by the rebels of South America, they find they share a cell with the president of the Republic of Verdanna. Together, the three men get the better of their captors and steal a plane, flying back to President Valdez's home. Clip starts to form a plan to stop the rebels once and for all...
- Clark Kent investigates a newspaper ad asking for Superman’s assistance from wealthy industrialist, Rufus Carnahan. Carnahan explains that he is dying and wants Superman to turn his son around because the boy has a gambling problem. Superman agrees to help and learns that Peter is in debt to loan shark, Jake Brent.
Carnahan dies and leaves his money to Peter provided the boy does not gamble. Brent threatens to expose Peter’s vice if he does not pay him off. Brent is then shot, Peter is seen with a discharged gun, and he flees. Superman tracks him down, and the police arrest him.
Although he claims his innocence, Peter is sent to trial and convicted. Superman, meanwhile, has gathered evidence that Brent’s rival Benny Farrel was the murderer. The Man of Steel prevents Peter’s execution and forces a confession from Farrel. Peter does not receive his inheritance, but it is used to help under-privileged boys.
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