The Phantom Cowboy is a 1935 American western film directed by Robert J. Horner and starring Ted Wells, George Chesebro and Jimmy Aubrey.

Bill and Pete need a bath and upon entering some water, the Phantom Cowboy swipes their duds and horses, leaving them with only their boots and underwear.

The stranger with the bacon turns out to be the Phantom, Jim Russell, an exact double for Bill, with a $1,000.00 price on his head, dead or alive.

Russell, an honest prospector by trade, has been watched and trailed by a gang of killing claim jumpers for weeks.

Russell confides in Bill and Pete, offering to pay them well to spend four days and nights circulating gathering information in Canyon City.