It turns out he found a deposit of gold nuggets of Tex's property, and he spent all night digging it up, and he told that phony ghost story to cover his tracks.
Dude Ranch (belonging to Tex)
The supposed flaw that they find in the story, that the storyteller could not have tripped over a cow at night because cows sleep standing up, is wrong. Cows lie down to sleep.
The puzzles by Scholly Fisch, Paul Pope and Campanella on inks in two pages create a mystery, give the reader a suspect and use mistakes as the way to the solve the visual riddles. It's funny but the only comic book that recognizes mistakes, as what they are is Rooby-Rooby-Roo!