Monte Walsh is an aging cowboy facing the ending days of the Wild West era. As barbed wire and railways steadily eliminate the need for the cowboy, Monte and his friends are left with fewer and fewer options. New work opportunities are available to them, but the freedom of the open prarie is what they long for. Eventually, they all must say goodbye to the lives they knew, and try to make a new start.

When the young Texas Ranger, John Reid, is the sole survivor of an ambush arranged by the militaristic outlaw leader, Butch Cavendich, he is rescued by an old childhood Comanche friend, Tonto. When he recovers from his wounds, he dedicates his life to fighting the evil that Cavendich represents. To this end, John Reid becomes the great masked western hero, The Lone Ranger. With the help of Tonto, the pair go to rescue President Grant when Cavendich takes him hostage.