Wall street broker Barry Dale (Lionel Barrymore) is systematically ruined financially by his alleged best friend Richard Marvin (J. H. Goldsworthy). This Marvin does so that he can win Dale's wife Virginia (Dorothy Gwynne) away from the discredited broker. Dispirited and disillusioned, Dale heads to the West for a fresh start in life. Unfortunately, he soon develops the reputation as a coward, but he manages to dispel this by becoming a notorious outlaw, reasoning that highway robbery is not all that different from Wall Street chicanery. By film's end, of course, no one dares accuse Dale of possessing the titular "yellow streak."
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