Just as the bead clerk and his assistants are closing up the jewelry store for the day, a package containing a very costly necklace arrives by special messenger.
As James Abbott, Frank Arthur and Martin Wynne, college chums, are bidding farewell to one another at the commencement ball, James discovers that May Scott, whom he loves, favors Frank.
Broken by grief after his mother's death, Olaf becomes a wanderer. He is treated cruelly until he is given a meal by a woman at the homestead where she lives with her husband and baby.
Lizette loves Jean but a 10,000 franc dowry insisted upon by Jean's father is keeping them apart. Paul, Lizette's "black sheep" brother, begs that she gives him her saved money so he can increase it for her - at the gaming table!! He does win but there are a few who are determined he shall not reach home with his money.
Broncho Billy is in love with Agnes Shephard. The jealousy of the step-sister Evelyn arouses in her a scheme which, if carried out, would result in the breaking of the engagement.