When Smiley lets it be known that he desperately wants to own a rifle, Sergeant Flaxman promises him one if he can prove himself a responsible citizen by helping others and keeping out of trouble. The sergeant keeps score of Smiley's deeds and misdeeds by marking 'nicks' on a tree outside his father's blacksmith shop. Trouble starts brewing, however, when Smiley's father makes a bet that the boy will not be able to earn the eight nicks required to get his gun. In one of his 'misadventures,' Smiley is suspected of stealing a cache of gold and becomes a fugitive from justice after running away in shame. When the real thief is later caught, Smiley is rewarded with a .22 calibre rifle.