Story of a boy and his horse Mike is the horse and is owned by Speck and his best friend Jimmy together they have a paper route on which they deliver papers to customers via a wagon pulled by Mike Recently a horse track has been built in the area and attracts horse breeder and racer Colonel Whiteny He takes out a subscription for delivery and meets Mike and Speck Jimmy Clever Jimmy talks both the Colonel and Speck into taking on the Colonels pure bred race horses at the track with comedic results