After watching, I do not know where to begin on this film. These are suppose to be professional actors but from the way the people said their lines, it appeared to be more of an average middle school production of a play. Plus it did not stop there. The editing of the movie was all but poor. Close up shots were added with no adjustment for movement or placement of surrounding props. Even the sound, which in 1934 was getting more advance, was poor to the fact that at times it was hard to hear the actors and then it was if they were shouting. Dialog was embarrassing. And never so much as at the end of the climax when someone tells the hero "Thanks for saving my fortune" only to hear in short reply only the words "OK" and then silence.
The plot of this insignificant story was that a Texas Ranger, Bill 'The Shadow' Williams, was infiltrating a gang of thieves that was stealing cattle and taking land. Bill, played by Bill Code, manages to get inside the organization where he learns who is the brains of the business and then to place the criminals in prison. The story may sound like there was some interest but you would be incorrect.
Other notables things about the picture is they tried to have a comic sidekick named Polecat Pete. But Pete sounded more like a drunk vaudevillian actor trying to shout to the rear of a packed theater instead of someone the audience would enjoy. Plus a fight scene that is so surreal that even the most novice viewer will find the outcome difficult to comprehend.
This was filmed by a small and soon to be out-of-business production company. It was obvious that there were no re-takes or money for sets. It was fast pace and looked as though it was filmed out of sequence. Even using my "B" class Western scale of rating films - this is poor, very poor. And this reminds me of the last lines of the film where Bill Cody is embracing the female cast member. He says, "I did it." She replies, "You should did, Bill." as the film fades. --- I suddenly feel bad for Bill Cody.