Matt Baker is the absolute King of Good Girl Art, hands down. He did the cover for this issue of Phantom Lady, and its quality speaks for itself. However the pics from which this story was taken are graphic art renderings of another artist, Jack Kamen, who was quite good in his own way and worked on a number of great projects, including Rulah, Jungle Princess. However, Jack was no Matt, not far behind, maybe, but always a distant second to the King. In the story below, the dark haired beauty goes to the Fair Grounds to attend a horse race (as Sandra Knight, her alter ego) with her beau, Don Borden, who quite conveniently for plot reasons has just purchased a race horse which will be running that very day. Crooked owners of another horse in the same race, kidnap Borden's jockey to prevent his horse from running. Borden convinces Sandra to ride his horse, which she reluctantly agrees to do. In the course of the race the evil jockey riding the other horse whips her and causes her horse to fall into a ditch. She survives the fall, changes into her Phantom Lady garb, and chases after the baddies. They grab her, drag her into the stable and are about to do her in when Borden arrives with help. All's well that ends well. Perhaps not her best show, but still not too bad, right?
Source: Golden Age Comics Download