Red Ryder Comics #53
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The outlaws shoot Pepe. He rides wounded to get Ted's message through. He bleeds out. Billy finds him, and Ted's message. He buries Pepe, rides back, alerts Sandy: Ted is a spy in the enemy camp, disguised as a sheep herder. She worries for Ted, writes a Coyote note to the sheriff. Ted hears Silk plan a bank job raid on Alkali Town tonight. Silk binds him. An Apache frees Ted, requests a sheep. Ted gives two. Coming on the sheriff, Ted says he's Pepe, the outlaws have passed them in the night: return to Alkali. The sheriff, thinking it's Pepe's ghost, complies. Ted finds Pepe's grave.
Plot details indexed by the Grand Comics Database (CC BY-SA).