Jo March (Kay Francis) has left the March family (of "Little Women" fame) and married professor Bhaer (Charles Esmond). Together, they run a boarding school, helping raise spirited and troubled boys. Con man Maj. Burdle (George Bancroft) brings in Dan (Jimmy Lydon), a friend's son. With the school in need of $5,000, Bhaer entrusts Burdle with investing his savings. When Burdle loses the money, the school must come up with replacement funds before the bank forecloses.