| Issue | #3 |
| Published | May-June 1948 |
| Frequency | bi-monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Characters | Lone Ranger; Tonto; Silver (horse) |
| Synopsis | The Lone Ranger grabs Tonto by the belt and pulls him on Silver. |
| Genre | western |
| Pencils | Mo Gollub? |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Mr. Ransome is trying gain control of the fur business in Plainsville. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | story begins on inside front cover in black, red, and white; four tiers of panels per page. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1942 newspaper strips. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Gambler Carmody is trying to wreck the newspaper in Red Mill and take over the town. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Story continues on inside back cover in black, red, and white and concludes on the back cover in full color. Four tiers of panels per page. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1942 newspaper strips. |