| Issue | #23 |
| Published | May 1950 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | ? |
| Characters | Lone Ranger; Tonto; Silver (horse) |
| Synopsis | The Lone Ranger dismounts from Silver. |
| Genre | western |
| Reprinted | in Lone Ranger, The (Wilson Publishing, 1949 series) #23 |
| Synopsis | Facts about the Plainsman of 1825, the Plains Indians of 1850; and the California Vaquero of 1850. |
| Genre | western; fact |
| Pencils | Till Goodan (signed) |
| Inks | Till Goodan (signed) |
| Letters | Till Goodan (signed) |
| Notes | Inside front cover; black and white. Half art, half text. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Crooks try to prevent the building of Big Mouth Tunnel. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Four tiers of panels per page. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1947 newspaper strips; in Lone Ranger, The (Wilson Publishing, 1949 series) #23 |
| Characters | Lone Ranger (origin retold); Tonto; Dan Reid; Silver (horse, origin); Scout (horse); Bart Cavendish |
| Synopsis | Tonto tells Dan Reid the story of the origin of the Lone Ranger and the capture of the Cavendish gang. He also tells of the origin of the Lone Ranger's silver bullets and how the Lone Ranger captured his horse Silver. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Four tiers of panels per page; The Lone Ranger's origin and how he captured Silver retold. Lone Ranger's unmasked face is shown. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1947 newspaper strips |
| Characters | Running Fox; Wolf Jaw; Simon Kenton |
| Synopsis | Captured by Wyandotte Indians, Simon Kenton is tied to a wild horse for torture. He is saved by the intervention of an Indian boy, Running Fox. |
| Genre | western |
| Script | Gaylord DuBois |
| Letters | typeset |
| Notes | Text story with three illustrations; continued from last issue. Script credit from Robin Snyder, taken from Gaylord DuBois' personal records. |
| Reprinted | in Lone Ranger, The (Wilson Publishing, 1949 series) #23 |
| Characters | Young Hawk; Little Buck; White Fawn |
| Synopsis | Little Buck and White Fawn hide in a corn field after they are convinced that spirits have hit Young Hawk on the head with a rock. They are captured by returning warriors. |
| Genre | western |
| Script | Gaylord DuBois |
| Pencils | Tom Hickey |
| Inks | Tom Hickey |
| Notes | Part of a continuing storyline. Script credit from Robin Snyder, taken from Gaylord DuBois' personal records. |
| Letters | typeset |
| Notes | Subscription form for Lone Ranger comics. No art. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #17 |
| Characters | Lone Ranger; Young Hawk (cameo) |
| Pencils | Mo Gollub? |
| Inks | Mo Gollub? |
| Letters | typeset |
| Notes | Inside back cover; black and white. Promo for subscriptions to Dell's Lone Ranger comic. Premium is five pinups of the Lone Ranger. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #17 |
| Characters | Almighty Voice (Blackfoot Indian) |
| Synopsis | Drawing of Blackfoot Indian Almighty Voice, with short story of his last days in 1897. |
| Genre | western; fact |
| Letters | typeset |
| Notes | Back cover. Large illustration with text beneath. |