Miser Ebenezer Scrooge is awakened on Christmas Eve by spirits who reveal to him his own miserable existence, what opportunities he wasted in his youth, his current cruelties, and the dire fate that awaits him if he does not change his ways. Scrooge is faced with his own story of growing bitterness and meanness, and must decide what his own future will hold: death or redemption.

Ned Hanlan was Canada's most successful sculling champion at the turn of the 20th century. This dramatization of his life begins in his youth, when the wild young man is informally adopted by a gambler who promotes Ned on the sculling circuit, betting on the boy's rowing skills solely to make money off him. Later, a ruthless businessman named Knox takes over Ned's career, but when Ned realizes how dishonest Knox is, he finds another manager. Walter is an inventor and the first honest man Ned has dealt with in his career and, under Walter's guidance, Ned rises to great success in the sculling world.

When 9-year-old orphan Oliver Twist dares to ask his cruel taskmaster, Mr. Bumble, for a second serving of gruel, he's hired out as an apprentice. Escaping that dismal fate, young Oliver falls in with the street urchin known as the Artful Dodger and his criminal mentor, Fagin. When kindly Mr. Brownlow takes Oliver in, Fagin's evil henchman Bill Sikes plots to kidnap the boy.