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Andrew Rines
Welcome to the Old Time Radio Westerns. I'm your host Andrew Rines and I'm excited to bring you another episode. This is one of over 80 episodes released monthly. From your enjoyment, you can find more Western shows at our website by going to otrwesterns.com now let's get into this episode.
Narrator
A fiery horse with the speed of light, a clod of dust and a hearty hyo.
The Lone Ranger
Silver the Lone Ranger.
Narrator
With his faithful Indian companion, Tonto, the daring and resourceful mask rider of the plains, led the fight for law and order in the early western United States. Nowhere in the pages of history can one find a greater champion of justice. Return with us now to those thrilling days of yesteryear. From out of the past come the thundering hoof beats of the great horse. Silver the Lone Ranger rides again. The Lone Ranger and Tonto were riding through the hills overlooking the tracks at a leisurely pace when the train passed. A short time later, they rounded a turn on the hillside trail and saw a man in the valley picking up scattered mail. The masked man recognized the postmaster.
The Lone Ranger
Tada. That's Hank Brogan. What him doing picking up the mail? And I mean that literally. Hank goes to that place beside the track to wait for the mail for Clarksville. The mail bags are tossed to him from the train.
Tonto
Train stopped to give him mail?
The Lone Ranger
No, Tonto. Apparently when the mail was thrown from the train, one of the bags opened.
Tonto
Oh, then mail will fall out.
The Lone Ranger
Yes, Hank's picking it up. We'll give him a hand.
Tonto
Montal come for them.
Narrator
But before they reached the bottom of the slope, Hank climbed into his wagon and drove away. The two men were about to pursue him when Toto's keen eyes rested on a mutilated letter. Hank had Overlooked the Lone Ranger and his Indian friend Drew Rain and dismal, the masked man picked up the torn envelope.
Tonto
Not only party envelope.
The Lone Ranger
Yes, Tutto. It's been cut almost in two.
Tonto
How'd that happen?
The Lone Ranger
It looks as if it had been run over by the wheels of the train. This was addressed to Pete Perry in Clarksville.
Tonto
Oh, Pete Perry. Him owned cafe in Clarksville?
The Lone Ranger
Yes, that's right. Marshall Blake in Clarksville suspects that Perry is acquainted with a number of men who should be behind bars who send letters. It's postmarked Circle City.
Tonto
That looked like paper money. An envelope.
The Lone Ranger
It's half of a 1 peso Mexican bill. Here's part of a letter.
Tonto
What letter?
The Lone Ranger
Say part of it's missing. But what's left indicates that someone named Mucho wants Pete Perry to send him an expert safecracker.
Tonto
Safecracker?
The Lone Ranger
The cracksman is to identify himself to Mucho by presenting the enclosed banknote.
Tonto
That mean Marshal Blake was right about Pete Perry.
The Lone Ranger
It also means that a man named Mucho is planning a robbery.
Tonto
We ride to Clarkville, tell Marshal Blake.
The Lone Ranger
No, Toto. We ride to Circle City. Easy. Set the big fellow easy.
Tonto
What we do there?
The Lone Ranger
Mucho is expecting a safecracker.
Tonto
But Pete Perry not get letter. Him not send crook to Circle City.
The Lone Ranger
Mucho doesn't know that. As far as he's concerned, the man who holds the banknote is the cracksman he sent for. Well, not keep him waiting. Monseller.
Narrator
After two days of hard travel, the masked man and Tonto drew rein in the vicinity of Circle City. The Lone Ranger removed his mask, guns and clothing. He disguised his face and donned old clothes and an old gun belt with ordinary weapons and ammunition. As a precaution in case of questioning by the sheriff, he carried a letter from the governor. He went into town alone and rejoined Tato two hours later.
The Lone Ranger
Oh, easy. Steady, big fella. I've learned where to find Mucho, Toto. He has a ranch five miles east of Circle City.
Tonto
Maybe headquarters the gang.
The Lone Ranger
We'll find out. We're going there right now.
Narrator
A short time later, the disguised Lone Ranger and Toto drew rein on a thickly wooded slope. In the rock studded valley below, they saw Mucho's ranch.
The Lone Ranger
This is as far as you go, Tanu.
Tonto
Oh, what you mean?
The Lone Ranger
I'm going to the ranch house alone to try to learn Mucho's plans.
Tonto
But that plenty dangerous kimasabi it might.
The Lone Ranger
Be if I didn't have this banknote to identify me. As soon as he sees it, Mucho will think I'm the safe cracker he's expecting. I'll join you here later.
Narrator
Toto's face was grim as he watched his friend ride away. The Indian dismounted and took a pair of field glasses from his saddlebag. He adjusted them and studied the buildings in the valley. Tonto was even more concerned when he saw two armed guards stop and challenge his friend. Through the field glasses, he saw the Lone Ranger raise his hands and surrender his guns.
The Lone Ranger
Bad.
Tonto
Plenty bad. Him go into outlaw hideout without guns. Me think Lone Ranger head for trou.
Narrator
One of the guards who had disarmed the disguised Lone Ranger took him to the ranch house. They entered the living room where a tall, heavily bearded man sat cleaning a rifle.
The Lone Ranger
The guard said, mucho.
Mucho
His critter claims you sent for him.
Tonto
Who are you, mister?
The Lone Ranger
Those torn bank notes. You'll identify me, huh? You have the other half. You're the man I'm looking for. Let's see that bill. Here.
Tonto
I put it beside my half. With his peso note?
Andrew Rines
Yeah.
The Lone Ranger
Are you satisfied?
Tonto
They match perfectly.
Mucho
What's this all about, boss?
Tonto
Pete Perry sent this man from Clarksville. He's the safe cracker we've been waiting for. Slim. Oh, yeah? What's your name, Homie?
The Lone Ranger
Tex. Why do you need a safecracker?
Tonto
To get the $60,000 in the wells Fargo vault in Circle City. I cut you in for a tenth of the loot and give you a permanent place in my gang if you do the job right.
The Lone Ranger
What about the law in Circle City?
Tonto
I've been outsmarting Sheriff Wade for a long time. I'm not worried about him now. Slim, take Tex out to the bunkhouse and see that he meets the gang.
Mucho
Right, Mucho.
The Lone Ranger
Come on, Tex, lead the way.
Tonto
See you later, Tex.
Narrator
Mucho moved to a window and watched as Slim and the newcomer named Tex walked toward the bunkhouse. As he looked after the two men, the door opened softly behind him and a gunslinger named Shad entered the room. Though Shadd was unknown to the authorities, he had committed a number of crimes, including murder. As a practiced law dodger, he was also interested in the newcomer. He pointed toward the bunkhouse and said, so that's the safe cracker Perry sent us.
Tonto
Too bad you weren't here to meet him, Shad, but he'll be back.
The Lone Ranger
I'm wondering about his nerve.
Tonto
Nerve? Yeah.
The Lone Ranger
How well he'll keep his mouth shut under pressure.
Tonto
He wouldn't talk.
The Lone Ranger
Well, to be on a safe side, we better test that hombre before we turn him loose.
Tonto
Oh, he hasn't seen me yet.
The Lone Ranger
I'll pose a Sheriff Ben Wade from.
Narrator
Circle City and arrest him.
Tonto
He might know Sheriff Wade, but there's one man we can be sure he doesn't know who. This fellow serve our purpose better than a lawman.
The Lone Ranger
Who is he?
Tonto
A Lone Ranger.
The Lone Ranger
A Lone Ranger?
Tonto
That's right. We've all heard of him. Chances are Texas heard of him, too. Yeah, but you dress as the Lone Ranger. Put a mask over your face. I have a white horse in the corral. Mount him nice, heavy Mucho.
The Lone Ranger
That's a good idea.
Tonto
I'd take Tex to town to look over the Wells Fargo building. You wait for us along the trail. I hightail and leave you alone with him.
The Lone Ranger
That'll give me a chance to ask a lot of questions.
Narrator
I'll soon know whether or not he's to be trusted. In town, Sheriff Ben Wade learned that a suspicious looking stranger named Texas had been looking for Mucho. The lawman called his two deputies together.
Sheriff Ben Wade
And asked, do either of you know where that Tex gent is now?
Mucho
He left town a couple hours ago, Sheriff.
Sheriff Ben Wade
Where'd he go?
Mucho
Said he was going to Mucho's place.
Sheriff Ben Wade
Why, boys, we've been trying to get something on Mucho for a long time.
The Lone Ranger
We sure have.
Sheriff Ben Wade
That stranger might be able to give us some information. We're gonna ask him some questions.
Mucho
We might have to go all the way to Mucho's ranch to see him.
Sheriff Ben Wade
That's all right with me.
Narrator
Meanwhile, Shad left the valley astride a white horse with a mask in his pocket. He felt sure he would have no difficulty convincing the newcomer that he was the Lone Ranger. He rode hard to reach the appointed meeting place before Tex and Mucho. Half an hour later, Mucho and the Lone Ranger came out of the ranch house. Tonto saw them head for town. He mounted, intending to follow them.
Tonto
Easy, scout. Easy, fellow. Get a much scout.
Narrator
As he rode from the shelter of trees toward the trail his friend had taken, Slim and another lookout named Jawbone saw him. Jawbone exclaimed, hey, Slim, it's a redskin.
Mucho
What's he doing around here?
Sheriff Ben Wade
Looks like he's following Tex and the boss.
Mucho
Get the saddle, Jawbone. We'll follow that engine.
Narrator
The curtain falls on the first act of our Lone Ranger adventure before the next exciting scenes. Please permit us to pause for just a few moments. Now to continue.
Mucho
There he is, Jawbone.
Tonto
Hey, you.
Sheriff Ben Wade
Draw rein.
Narrator
Looking over his shoulder, Tonto saw the pursuing outlaws closing in on him. Their guns were drawn.
Mucho
Stop or we'll blow your head off.
Tonto
Who's got hope? I Laugh.
Mucho
Ho, ho. Ho.
Tonto
Ho, ho.
Mucho
Hold on, boy. H your hands and keep them high.
Tonto
Why you stop me?
Mucho
You'll answer the questions, Injun.
The Lone Ranger
Who are you?
Tonto
Me not talk.
Mucho
What's the idea of following our pals? Speak up. Hey, I know who this redskin is. I've seen him before. What?
Sheriff Ben Wade
He's Tano the Engine who travels with a Lone Ranger.
Mucho
A Lone Ranger?
Sheriff Ben Wade
Yeah.
The Lone Ranger
He and his masked pal must be wise to us. Right.
Mucho
I'll disarm the redskin. You take him to the ranch and keep him there. What about you? I'll go after the boss and warn him to be on the lookout for the Lone Ranger.
Narrator
Mucho and the disguised Lone Ranger were traveling toward town at a leisurely pace. Nearing the place where he knew Shad would be waiting, Mucho studied the heavy underbrush bordering the trail.
The Lone Ranger
Looking for someone, Mucho?
Tonto
Well, I'm always a little uneasy when I hit this stretch of trail.
The Lone Ranger
Why?
Tonto
The rocks and underbrush around here be a good place for an ambusher to lie in wait.
Narrator
Shad, astride the white horse and wearing a mask, emerged from a place of concealment on the trail ahead. As soon as he saw the disguised outlaw, Mucho wheeled his horse.
Tonto
That masked man looks like the Lone Ranger.
Mucho
I am the Lone Ranger.
Tonto
I'm getting out of here.
Narrator
As Mucho spurred his horse, the animal raced from the trail to the shelter of protecting trees and brush. The Lone Ranger studied the masked man.
The Lone Ranger
No use you trying to run away, mister. You didn't stop Mucho.
Narrator
You're the one I want to talk to.
The Lone Ranger
So you're the Lone Ranger. That's right. What's your business with me? I want to ask you some questions.
Narrator
About that Mucho gent.
The Lone Ranger
Why?
Mucho
Because I figure he's a crook. If you've heard anything about me, you know I put a lot of fellows.
The Lone Ranger
Like him behind bars. I've heard of the Lone Ranger, but I've never heard of you. Watch your game.
Narrator
At that moment, Slim raced into view. By using several shortcuts, he hoped to overtake Mucho and warn him about the Lone Ranger. When he saw the masked man on the trail ahead, his worst fears were realized. The Lone Ranger had captured Tex. Grabbing his gun, Slim shouted, I'm getting Tex.
Sheriff Ben Wade
No, no.
Tonto
Don't shoot.
Narrator
Shad cried out to identify himself to Slim, but it was too late. The outlaw's bullet struck him.
Mucho
Ho.
Sheriff Ben Wade
Ho, there.
The Lone Ranger
Ho, Slim. Hosea. You got him.
Mucho
I got him, Tex. I killed the Lone Ranger.
The Lone Ranger
He's not the Lone Ranger.
Mucho
I met his Injun pal And he.
The Lone Ranger
Hey, look. Three riders coming this way.
Mucho
The sheriff and his deputies. I'm clear.
The Lone Ranger
Naughty. Stay where you are.
Mucho
Hey, what's the idea of the gun?
The Lone Ranger
You stay and take your medicine for shooting this man.
Mucho
You're loco if you think you'll stop me with that gun.
The Lone Ranger
What?
Mucho
Jawbone and I took the bullets out of it before we gave it back to you. You can take the blame for shooting that masked men. I'm clearing out for those lawmen. Get within shooting range.
Tonto
Get up there. Come on.
Narrator
As Slim raced from the scene of the ambush, the Lone Ranger broke open his guns.
The Lone Ranger
Empty. Easy. Steady, big fellow.
Narrator
He was examining Shad when the sheriff and his deputies drew rein.
Mucho
Ho. Ho.
Sheriff Ben Wade
Ho, there. Get your hands, sir. Mister, you're covered.
Mucho
Sheriff, that's the gent who was asking for Mucho. He's Tech.
Sheriff Ben Wade
Take his gun.
The Lone Ranger
They're empty, Sheriff.
Mucho
Easy, boy. I'll take them anyway.
Sheriff Ben Wade
I'll keep him covered. Joe, see about the critter on the ground.
Mucho
Right, Sheriff. Steady. Looks like he's hurt bad.
The Lone Ranger
He's dead.
Sheriff Ben Wade
So you killed him, huh?
The Lone Ranger
No. A man named Slim shot him. Slim rode away as soon as he saw you and your deputies.
Sheriff Ben Wade
Who's Slim?
The Lone Ranger
He works for Mucho.
Narrator
I've got this gent's gun, Sheriff.
Tonto
He was telling the truth.
Narrator
They're both empty.
The Lone Ranger
Examine them and you'll see they haven't been fired.
Sheriff Ben Wade
Never mind giving the orders, mister. We know our jobs. Joe, take the mask off that dead man.
Tonto
Yeah.
Mucho
Hey, this is Shad Martin.
The Lone Ranger
Shad Martin.
Mucho
He's top hand on Mujo's ranch. I see you claim Mucho's man Slim shot him.
The Lone Ranger
Yes, he did. Shad was posing as a Lone Ranger.
Sheriff Ben Wade
What?
The Lone Ranger
Sheriff, if you'll listen to me, I'll give you information enough to put Mucho and his whole gang behind bars.
Sheriff Ben Wade
I'll listen in town, at the jail. Now, you hit the saddle and come along peaceable. Zeb put Shad's body on his horse. We'll take it to the coroner's right.
Narrator
As the deputy named Zeb moved toward the dead man. The Lone Ranger noticed that the great horse Silver stood between him and the other two lawmen. The gun Shad dropped when he fell from the saddle were on the ground near the disguised Lone Ranger.
The Lone Ranger
He shouted, take them, Silver.
Narrator
The mighty Silver understood the command. The sheriff's horse reared to escape the stallion's charge. As the sheriff spilled from the saddle, Joe jumped to the side to escape being trampled. Zeb had been so startled by the unexpected attack that he turned his attention from the prisoner toward his friends. By the time he realized what had happened, the Lone Ranger had Shad's guns.
The Lone Ranger
Get your hands up, Zeb. I have no time to argue. All right, all right. Silver. Steady, big fellow.
Sheriff Ben Wade
You'll pay for this.
Mucho
You think you'll get away by roughing us up?
The Lone Ranger
I'm sorry that was necessary. Are you all right, Sheriff?
Sheriff Ben Wade
Well, I reckon I didn't break any bones in that fall.
The Lone Ranger
Good. What about you, Deputy? I'm not hurt.
Mucho
But what are you going to do now?
The Lone Ranger
I'm going to show you a letter and I'm going to talk. And you three are going to listen. A couple of days ago, my Indian friend and I found a letter Mucho sent to a man named Pete Perry in Clarksville. Mucho wanted Perry to send him a safe cracker.
Narrator
After the sheriff read the governor's letter, the disguised Lone Ranger told the sheriff about the letter that brought him to Circle City. When he told what he had learned from Mucho, the surprised lawman exclaimed.
Sheriff Ben Wade
You mean the loot from a couple of their robbers is hidden in the ranch house?
The Lone Ranger
That's what Mucho told me.
Mucho
And the poor cat's planning to add the Wells Fargo cash to it.
Sheriff Ben Wade
Zeb, head for town. Get a parson together and take him to Mucho's place. Joe and Tex and I'll be waiting for you at the fork and the trail. It's about a quarter of a mile from that polecat's ranch. I'll be there, Sheriff, and don't waste any time.
Mucho
Get up. Get up there.
Sheriff Ben Wade
It'll be dark in half an hour. Move in in that place and take the gang by surprise.
The Lone Ranger
I'll join you at the fork in the trail, Sheriff. Easy said it, big fellow.
Sheriff Ben Wade
Well, where are you going?
The Lone Ranger
To meet my Indian friend, Tono. He'll want to take part in this fight.
Narrator
Darkness was falling by the time the Lone Ranger reached the hillside where he had left Tonto. He saw his friend's gear and the saddlebag containing his own clothing and guns. But Tonto was nowhere in sight. As he donned his familiar riding clothes and buckled on his gun belt, the Lone Ranger realized that Tonto must have been captured.
The Lone Ranger
Mucho and his men captured Tonto. We'll have to move without the sheriff.
Narrator
Placing his mask across his eyes, the Lone Ranger swung to the saddle. Darkness was complete when he drew rain at the corral a short distance from the ranch buildings. Leaving Silver Ground Hitch nearby, he went to the corral gate. He whistled softly. A moment later, Scout Trotted to the Lone Ranger's side.
The Lone Ranger
Scout, old fella.
Narrator
Leaving the corral, the masked man hurried toward the lamplit ranch house. He entered the house and met Slim in the hallway.
Mucho
Mask, I. I thought I killed you.
The Lone Ranger
Sorry, Slim, but I haven't time for talk.
Mucho
You sound like Tex.
The Lone Ranger
Walk ahead of me to the living room. Remember, this.45 is at your back.
Narrator
Wide eyed at the sight of the Lone Ranger's mask, Slim stumbled obediently toward the living room. As he approached the doorway, Mucho called, who is it?
The Lone Ranger
Answer him.
Tonto
It's Slim.
Mucho
Mucho.
Tonto
I told you to round up the boys. Ride to the place where you left Shaq.
The Lone Ranger
Don't reach for your gun, Mucho.
Tonto
Slim, what's the idea? Who is this masked man? Kimosabe.
The Lone Ranger
I knew you were here, Tano, when I saw Scout in the corral. You're covered, Mucho. You better keep your hands up. How do I cut those ropes? You too. Don't move.
Tonto
Thanks, Kimasabi.
Mucho
Hey, boss. Now, I savvy this setup. When Jawbone and I captured Kato, we figured the Lone Ranger was nearby.
Tonto
You mean this gent, he is the Lone Ranger?
The Lone Ranger
Yeah, that's right, Mucho.
Tonto
But you sound like Tex.
Mucho
Boss, what'll we do?
Tonto
I call the boys. They kill you in this, redskin, Monsieur?
The Lone Ranger
Guess again, Mucho. You and your gang are through.
Mucho
You're loco.
The Lone Ranger
Hey, boss.
Mucho
A lot of riders heading this way.
The Lone Ranger
That Sheriff Wade and his pussy.
Narrator
Mucho ran to the window. The rising moon gave light enough to see the riders drawing rain outside. Mucho counted more than a dozen men. Then he saw the glint of moonlight on the sheriff's badge. He turned from the window in a desperate effort to escape the justice that was coming. He grabbed for a gun on a nearby table, but the masked man saw the gesture. A silver bullet creased the outlaw leader's hand. At the sound of the shot, the gang rushed from the bunkhouse. But the sheriff's posse was waiting for them. Fifteen minutes later, Sheriff Ben Wade and his deputy Joe were in the ranch house living room with the Lone Ranger and Tonto. Mucho and his gang were outside all.
Sheriff Ben Wade
Handcuffed and ready for the ride to town. Mister.
The Lone Ranger
You and your men made good time getting here, Sheriff.
Sheriff Ben Wade
Well, we'd have been here sooner if we hadn't waited a while for a gent named Tex. Tex never showed up.
The Lone Ranger
Well, he had other business to attend to.
Sheriff Ben Wade
Such as coming here and freeing Tarno.
The Lone Ranger
Yes, Sheriff.
Sheriff Ben Wade
I thought so.
The Lone Ranger
Tyler and I will be on our way now.
Sheriff Ben Wade
Where are you heading?
The Lone Ranger
To Clarksville we have some unfinished business with a man named Pete Perry. Adios.
Sheriff Ben Wade
Adios.
Mucho
Adios.
Sheriff Ben Wade
Thanks. Thanks a lot.
The Lone Ranger
Glad we could help you. Scouts in the corral.
Tonto
He'd be glad to see him.
Mucho
Sheriff, are you thinking the same thing I am?
Tonto
I might be.
Mucho
Joe Tex and that masked man are one in the same person.
Sheriff Ben Wade
Yeah, and the masked man's the Lone Ranger.
Narrator
This is a feature of the Lone Ranger Incorporated, created by George W. Trendle, produced by Trendall Campbell, Muir Incorporated, directed by Charles D. Livingston and edited by Fran Striker. The part of the Lone Ranger is played by Brace Beame.
Tonto
Foreign.
Andrew Rines
This has been a presentation of otrwesterns.com and we hope you enjoyed. Please take some time to like and rate this episode within your favorite podcast application. Follow us on Facebook by going to otrwesterns.com Facebook and subscribe to our YouTube channel by going to OTR westerns.com YouTube become one of our ranch hands and unlock some exclusive content. We want to thank our most recent ranch hands, Steve and Ron W. Who joined us recently. You too can join by going to otrwesterns.com donate send us an email podcasttrwesterns.com and you can call and leave us a voicemail. 707-986-8739. This episode is copyrighted under the Attribution Non Commercial Share Alike Copyright. For more information go to otrwesterns.com copyright have a great day and thanks for listening.
Tonto
Sam.
Series: The Lone Ranger
Episode Air Date: January 14, 1953
Podcast Release: January 20, 2026
Host: Andrew Rhynes
“The One Peso Bill” immerses listeners in a classic Western tale of intrigue, subterfuge, and justice. The Lone Ranger and his loyal companion Tonto become entangled in a plot involving a gang leader named Mucho, a mysterious letter with half a one peso Mexican bill, and plans for a lucrative Wells Fargo heist. Through savvy disguise, careful investigation, and brave action, the Lone Ranger and Tonto work with Sheriff Wade to foil the outlaws' plans and bring justice to the frontier.
[23:23–24:03]
The Lone Ranger and Tonto prepare to ride on to handle unfinished business with Pete Perry, closing the case on Mucho’s gang.
The episode is filled with tension, clever plotting, and the iconic upright heroism associated with "The Lone Ranger." Its dialogue is crisp, the action moves quickly, and classic Western tropes—sudden ambushes, kind but cunning lawmen, and daring last-minute rescues—abound. The interplay between the Lone Ranger and Tonto is characterized by mutual respect and strategic thinking.
If you haven’t heard “The One Peso Bill,” this episode exemplifies the best of Old Time Radio Westerns: suspense, undercover investigation, and ultimately, the triumph of justice. The restored audio amplifies the atmosphere, from the distant whistle of trains to the charging hooves of Silver, bringing this slice of Western legend vividly to life.