Lamont Cranston assumes his secret identity as "The Shadow", to break up an attempted robbery at an attorney's office. When the police search the scene, Cranston must assume the identity of the attorney. Before he can leave, a phone call summons the attorney to the home of Delthern, a wealthy client, who wants a new will drawn up. As Cranston meets with him, Delthern is suddenly shot, and Cranston is quickly caught up in a new mystery.

The story starts with a prologue set in 1889 in which we see an angry husband murdering his wife's lover. The setting then moves to 1929, just as an antiques dealer Philip Vantine (John St. Polis) has finished moving into the same house where the 1889 murder occurred.

A district attorney and a reporter try to find the killer of a D.A. who uncovered a massive stock fraud.

1932 film by John Francis Dillon

斯坦利爱上了父亲一位医生朋友的女儿诺玛，然而诺玛却倾心于家世不好的迈克尔，在了解到自己和诺玛之间的身份差距后，迈克尔立志用几个月时间打拼事业获得医生的认可，甚至不惜与爱人短暂的分离。可时运不济的迈克尔又一次失败，诺玛不但没有嫌弃他还与他共度春宵，两人为了长相厮守暗谋私奔，这个计划在争吵中被医生得知，他让女仆将诺玛软禁，出门去找斯坦利的律师父亲商量控告迈克尔。诺玛在回味和迈克尔在一起时的美好时光时突然预见父亲会枪杀迈克尔，并发现父亲的手枪确实不见了，果不其然，斯坦利告诉诺玛医生用枪把迈克尔打成了重伤，虽然没有立刻死亡但是几乎不可能存活。诺玛疯了般冲到迈克尔家中，迈克尔弥留之际还在幻想他和诺玛的幸福未来。迈克尔死后，律师劝说悲痛欲绝的诺玛谎称迈克尔侵犯了她以保护医生免受死刑，诺玛拒绝了并悲愤的诅咒父亲。大祸临头的医生不愿意原谅女儿，弟弟吉米的言语更让诺玛痛苦，最终她出卖了自己的良心在法庭上做伪证污蔑迈克尔，控方律师轻易的识破了她的谎言，女儿的崩溃唤醒了医生的良知，他坦坦荡荡的承认了罪行后举枪自尽。斯坦利向失去生命中最重要的两个人的诺玛表明了心意，目送她远去......

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