Tom Eggett, with the help of his pals, Dick and Van, loses the last cent of his inheritance, is evicted from his apartment, and is rejected by Gwen, his fiancée. A codicil to his uncle's will, however, stipulates that he shall inherit the Eggett department store provided that he operate it for 3 months at a profit. Cyrus Crabb, manager of the store, is determined to gain possession of the business and arranges for the company's credit to be canceled during Tom's management, though Grace Gordon, a stenographer, has evidence of his perfidy. Tom takes a liking to Grace and hires her as his secretary though Gwen warns her that he is her fiancé. When the business suffers great losses, Tom decides to induce bankruptcy by extravagant expenditures such as a million-dollar fashion show. His tactics boomerang, but when a man returns merchandise stolen by his daughter, the store shows a profit and Tom wins Grace.