Starring Buster Crabbe, as a famous detective who sets out to discover who stole $2 million in bonds. The plot soon evolves into a game of “Bonds, Bonds, Who Has the Bonds?,” it has so many groups, and their armies of henchmen, acquiring and re-acquiring the bonds that, in a chapter or two, the people who have the bonds don’t appear to know they are the current holders. Wing Fu, brings the bonds to the USA to buy war planes for an unnamed county, and quickly loses them to Quong Lee, a Eurasian underworld chief, but they are re-taken in chapter two by Red Barry. Ballet dancer Natacha, representing a ruthless group of Russians, acquires them in chapter three, but Barry gets them back in chapter four. In action-packed scene after scene the race to control the valuable War Bonds continues over 13 chapters of cliff-hanging adventure of conspiracy and murder!