Francis, the result of a clandestine marriage between the Duke of Chatsfield and a peasant girl, after being raised in a monastery following his parents death assumes his title but falls victim to a pair of schemers leading to much heartache before all is set aright before the fadeout.

Mr. Schmidt's costume store is bankrupt because he spends his time on Rube Goldberg-style inventions; the creditors send a young manager who falls for Schmidt's niece Louise, but she'll have none of him. Schmidt's friends Ted, Queenie, and some goofy firemen try to help out; things come to a slapstick head when Louise needs rescuing from a fire.