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In 30's New York City, the Shadow battles his nemesis, Shiwan Khan, who is building an atomic bomb.
The Shadow: I'll be there... around every corner... in every empty room... as inevitable as your guilty conscience...
Margo Lane: Oh, God I dreamed. Lamont Cranston: So did I. What did you dream? Margo Lane: I was lying naked on a beach in the South Seas. The tide was coming up to my toes. The sun was beating down. My skin hot and cool at the same time. It was wonderful. What was yours? Lamont Cranston: I dreamed I tore all the skin off my face and was somebody else underneath. Margo Lane: You have problems. Lamont Cranston: I'm aware of that.
Shiwan Khan: In three days, the entire world will hear my roar, and willingly fall subject to the lost empire of Shan Kahn. That is a lovely tie, by the way. May I ask where you acquire it Lamont Cranston: Brooks Brothers. Shiwan Khan: Is that mid-town. Lamont Cranston: 45th and Madison. You are a barbarian. Shiwan Khan: Thank you. We both are.
Margo Lane: We need each other. Lamont Cranston: No we don't. Margo Lane: We have a connection. Lamont Cranston: No we don't. Margo Lane: Then how can you explain that I can read your thoughts? Lamont Cranston: My thoughts are hard to miss. Margo Lane: And why is that? Lamont Cranston: Psychically, I'm very well endowed. Margo Lane: I'll bet you are.
Shiwan Khan: Your mind is like an open book to me! Lamont Cranston: Then learn how to read!
The Shadow: I saved your life, Roy Tam. It now belongs to me. Dr. Roy Tam: It does?
Moe Shrevnitz: [puts a ring from the Shadow on Tam's finger] Don't ever take it off. Dr. Roy Tam: [confused] Who *are* you? Moe Shrevnitz: [holds up his hand with an identical ring on it] Somebody who owes him their life... somebody just like *you*.
Tibetan Kidnapper: The clouded mind sees nothing
Lamont Cranston: The sun is shining... Dr. Roy Tam: [finishing the code phrase of The Shadow] But the ice is slippery. Dr. Roy Tam: You're an agent of The Shadow! Lamont Cranston: [feigning ignorance] Who?
Dr. Reinhardt Lane: Oh what the heck, it's always green. [starts to cut the red wire] Margo Lane: NO! [bomb deactivates, holds a green wire] Margo Lane: That is red! THIS is green!
Lamont Cranston: I'll see you later Margo Lane: Hey, how'll you know where I am? Lamont Cranston: I'll know
The Shadow: The weed of crime bears bitter fruit.
[repeated line] Moe Shrevnitz: Somebody's coming.
Lamont Cranston: Am I in hell? Tulku: Not yet.
Lamont Cranston: You are a barbarian. Shiwan Khan: Thank you.
Dr. Roy Tam: I guess you would call it an implosive-explosive sub-molecular device. Lamont Cranston: Or an Atomic Bomb. Dr. Roy Tam: Hey, that's catchy.
Lamont Cranston: Do you have *any* *idea* who you just kidnapped? Tulku: Cranston; Lamont Cranston. Lamont Cranston: You know my real name? Tulku: Yes. I also know that for as long as you can remember, you struggled against your own black heart and always lost. You watched your sprit, your very face change as the beast claws its way out from within you. You are in great pain, aren't you? [Cranston leaps at the Tulku, who magically vanishes and reappears] Tulku: You know what evil lurks in the hearts of men, for you have seen that evil in your own heart. Every man pays a price for redemption; this is yours. Lamont Cranston: I'm not lookin' for redemption! Tulku: You have no choice: you *will* be redeemed, because I will teach you to use your black shadow to fight evil.
Dr. Roy Tam: How did you know where to find me? How did you know who I am? The Shadow: [begins to laugh] The Shadow knows!
Margo Lane: [as Lamont walks away to become The Shadow] Wait! How will you know where I am? Lamont Cranston: [turns to answer] *I'll* know!
Farley Claymore: There's a new world order coming, Shadow, and I'm going to be a king! A KING!