Nan Baldwin, the daughter of a former Wall Street broker who was ruined by his partner, John Blaisdell, supports herself by singing in an Alaskan saloon under the name "The White Raven." Desperate to get away from her present surroundings and resume her studies of music, Nan offers to sell herself to the winner of a card game at a thousand dollars a hand. She is won by a stranger, who permits her to leave with the gold on the condition that she become his when she has realized her ambition as a singer. Nan journeys to New York where her voice wins her fame on the operatic stage and allows her the opportunity to avenge her father. While in New York, Nan falls in love with a young man, but refuses to marry him because of her bargain with the stranger in Alaska. Her goals accomplished, Nan returns to Alaska and awaits the coming of the stranger to claim her. To her surprise, the young man to whom she had lost her heart in New York enters, shows her the I.O.U. and then destroys it. Thus, Nan finds that the payment of herself is the realization of her own desires.