 The story revoles around three people; Tycoon Bjorn Faulkner (Nils Asther), who is being called upon by his board of directors to explain a missing $20,000,000; Kit Lane (Ellen Drew), his secretary who also has a personal interest; and Steve Van Ruyle (Robert Preston), a sailor who has inherited a position on Faulkner s board of directors. Faulkner is (presumably) murdered, and Kit is falsely accused of the murder. Steve assumes the job of clearing her name.