After discovering that Cyrus Peabody, the president of the bank, and his son Ernest have embezzled $35,000, their cashier, Paul Revere Forbes, threatens to expose them. In a rage, the two men strike him on the head and, persuaded that the busybody is dead, ask their broker to dump the body off in a deserted place. But the broker has an accident and is killed in the crash. The cashier, who was actually still alive, comes to and, while suffering a loss of memory, wanders off. Still believing their employee dead, the Peabodys accuse their cashier of having stolen the money. But Beatrice Forbes, Paul Reveres daughter, and her boyfriend, idle-turned-responsible Billy Winthrop, are on the alert.