Dr. Magneto, a scientist with a gun capable of magnetizing and demagnetizing various objects, plans revenge upon the world for ridiculing his theories. He causes a rail bridge to collapse, then lifts and drops a statue from high altitude, but Spidey arrives on the scene and prevents Magneto's schemes from causing loss of life. Then, Spidey confronts Magneto in a museum and, with a dense, anti-magnetic webbing, smashes Magneto's magnetizing gun. He then webs Magneto in the usual manner and places the disgraced scientist on a pedestal in the museum for police to apprehend... Spiderman discovers that the visiting Prime Minister of Rutania is an imposter and must by himself battle the identity-usurper, whose cane is a veritable arsenal! The phoney Prime Minister, under the pretense of obtaining a multi-million dollar loan to aid the impoverished people of his country, has duped the American government and J. Jonah Jameson into bestowing upon him a fortune in gold bullion. While battling the imposter Prime Minister aboard an airplane, Spidey uses his webbing to knock the cane out of the imposter's hand and pin it to the fuselage's wall. He webs the imposter and, with armed guards as witnesses, removes the imposter's make-up to reveal actor Charles Cameo. Spidey also releases the real Prime Minister alive from a trunk aboard the airplane.
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