Heiress Cornelia Wheelwright (May Robson) is scandalized to discover that the family fortune was earned by her father when he swindled an old business partner. Desperate to rectify matters, Cornelia travels to New York City, where she gives the cheated man's granddaughter, sales clerk Pam McAllister (Priscilla Lane), a million dollars. But the generous gift turns out to be a mixed blessing when Pam's friends and beloved boyfriend, Pete (Ronald Reagan), turn on her.
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