Two children ride the same pony in this Disney film, but neither one is happy about sharing the animal they both love. James Ellison is rich and wears leg braces; on the pony, she is not crippled. Scotty Pirie is a poor farm boy, and he loves to ride the pony as well. The two dispute the ownership of the pony, and the townspeople create many complications through their support of one or the other. Eventually, the two become friends, and while the ownership issue is resolved, it is not so important anymore because they have learned to share the pony between them.