Wealthy financier Lang loses all in the stock market. When his secretary's boy friend learns fake bonds are being used to put over a big deal, he threatens to blackmail the banker. Lang panics and throws the man overboard, only to learn later that his secretary was truly in love with him.
The captain organizes a search party, the waterlogged little blackmailer is saved, and Lang, realizing the error of his ways, commits suicide. Attention to detail makes this a better-than-average-film.