Colonel Gumm moves out of the Pink Chip Stamps Factory, taking its owner Pinky Pinkston along as a hostage. A message hidden by Miss Pinkston in a bowl of alphabet soup directs Batman and Robin to the International Stamp Exhibition. Though the Green Hornet and Kato will be attending to try to expose Colonel Gumm, Batman and Robin believe they are out for personal profit.

Lisa Carson's father has agreed to pay a huge ransom to Tut for his daughter. When Tut learns Batman is alive, he instructs the caped crusader to bring the money to an abandoned boiler works alone.