Reid Randall's crimefighting life started after receiving a telegram saying that his brother, Ted, was in the hospital, leaving no one to run the family business, a garment factory.
Back home, his mother told him that Ted had gambling debts, and the people he owed wanted to take the business.
By the time Big Bang Comics had entered the modern day (the 1990s), Knight Watchman is reluctant to come out of retirement despite attempts by Ultiman to place Randall back in the cape.
As he grows up Jerry becomes a hero in his own right as Galahad (a reference to Dick Grayson's career as Robin and Nightwing).
After Reid retires, Jerry fills both roles; as the publicly known and liked Galahad during the day, and as the mysterious and feared Knight Watchman at night.