Lum and Abner have not been successful in securing the $5000 necessary to bail out the two mining experts they hired to make tests in the gold mine to determine its value. This leaves the old fellows only two alternatives - either to raise the money by selling the store, or by accepting Squire Skimps offer. The Squire's idea is that he will raise the money, but that they have to turn the store over to him as collateral, and of course he will return it back to them once the baby's mine is secure and all bills have been repaid...