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Convicts discuss the Phantom's treasure with Bubba who says he's seen it. Pete accomplishes a jail break of the convicts while they are being transported to the judge. The gun smuggler Cappy convinces one of his customers (a displaced general) to help steal the Phantom's treasure. Feigning helplessness Cappy gets himself brought to the Skull Cave and the Phantom, but his ruse is noted by Guran, and the Phantom shows him the "treasures" which Cappy identifies as junk, and attempts to cancel the raid/killing spree to steal it. Only to have the Phantom get and capture the general and his troops.
Plot details indexed by the Grand Comics Database (CC BY-SA).