On the back of the Wall Street Crash of 1929, a young businessman is about to commit suicide. With a note to his wife scribbled down and a gun in his hand, he notices an envelope addressed to him on his desk. As he begins to read, we're taken back to World War One and his meeting with a young woman named Mary Lane.

Seduced and abandoned, with child, by a charming cad, a former New York fashion model learns to detest the male race in general until befriended by a warm-hearted artist-type who shows her that life -- and men -- ain't so bad in this early talkie drama.