Vol. 1 #2 published May 1937 by Trojan Publishing Corp. Second of just eight issues published for this short-lived pulp magazine. "The Masked Rider's Justice" Lone Ranger cover story is illustrated on front cover w/Lone Ranger using knife to cut rope around Tonto's wrists. Silver is in bkg. Cover has spine fade, usual pulp cover defects are minimal. Pages have aged to cream in color w/some darker age toning at margins, resulting in some brittleness to extreme margins. Fine overall, a high grade for this pulp. Bookery's Guide to Pulps Fine condition = $600. All issues of this pulp magazine are scarce.