Slip and Sach are working for a local newspaper as a reporter and photographer, respectively. Slip wants to get the goods on a local gambling ring that is fixing sporting events, so he and Sach go undercover to expose the ring.
Kris Kringle, seemingly the embodiment of Santa Claus, is asked to portray the jolly old fellow at Macy's following his performance in the Thanksgiving Day parade.
Giovanni used to be a humble, mild-mannered government clerk whose life was turned upside down when he met Giulio, a notorious forger who at once set about manipulating the over-confident man.
The third of the Monogram series based on Ham Fisher's "Joe Palooka" comic strip, opens with Knobby Walsh, the manager of Joe Palooka trying to talk his way out of a traffic citation, and the story leading to that point is told in flashback as narrated by Walsh.