| Issue | #138 |
| Published | February-March 1961 |
| Cover Price | 0.15 USD |
| Pages | 36 |
| Notes | photo cover; first 15 cent issue |
| Characters | Lone Ranger (Clayton Moore); Silver |
| Synopsis | The Lone Ranger (Clayton Moore) rests guns on ledge; Silver in background. |
| Genre | western |
| Pencils | photo |
| Inks | photo |
| Colors | photo |
| Letters | typeset |
| Notes | photo cover; first 15 cent issue |
| Letters | typeset |
| Notes | inside front cover; black and white; ad for Art Instruction, Inc., (Minneapolis, Minn.) art course. |
| Characters | Lone Ranger; Tonto |
| Synopsis | Beaver poachers in Indian territory threaten to spark a war. |
| Genre | western |
| Pencils | Tom Gill |
| Inks | Tom Gill |
| Characters | Lone Ranger; Tonto |
| Synopsis | The Lone Ranger finds a crew of bogus cattle branders. |
| Genre | western |
| Pencils | Tom Gill |
| Inks | Tom Gill |
| Characters | Lone Ranger; Tonto |
| Synopsis | A land dealer tries to swindle townspeople into believing a railroad is coming through land he is selling. |
| Genre | western |
| Pencils | Tom Gill |
| Inks | Tom Gill |
| Synopsis | A sheriff has to outwit three men trying to free a murderer who is his prisoner. |
| Genre | western |
| Letters | typeset |
| Notes | text story with 1/4 page illustration |
| Characters | Young Hawk; Little Buck |
| Synopsis | Young Hawk , Little Buck, and the Haida warrior Sea Eagle leave the village and sail north. A killer whale damages the canoe, but the dolphin they had saved guides them to land. |
| Genre | western |
| Pencils | Jon Small |
| Inks | Jon Small |
| Notes | part of a continuing storyline; bottom 1/3 of last page is Statement of Ownership for Oct. 1, 1960. Average paid mail subscriptions are 408,711. (only figure given) |
| Letters | typeset |
| Notes | Statement of Ownership for Oct. 1, 1960. Average paid mail subscriptions are 408,711. (only figure given) |
| Characters | Tonto (cameo) |
| Synopsis | facts about Indian sweat lodges “narrated” by Tonto. |
| Genre | western; fact |
| Letters | typeset |
| Notes | inside back cover; black and white. |
| Genre | funny animal |
| Notes | back cover; color ad for Kraft caramels candy featuring a fanciful hybrid animal. |