Lady Alyce Marshmorton must marry soon, and the staff of Tottney Castle have laid bets on who she'll choose, with young Albert wagering on 'Mr. X'. After Alyce goes to London to meet a beau she is restricted to the castle to curb her scandalous behavior. Albert then summons Jerry to Alyce's aid in order to 'protect his investment'.

Horace Vendig always gets what he wants. Even as a poor youth, he charmed his way into high society by getting the father of his friend, Martha, to foot the bill for his Harvard education. When Vic, another childhood pal, is invited to Horace's mansion for a party, he brings along Mallory Flagg, who happens to bear a striking resemblance to Martha. As Vic and Horace reunite, old resentments rise to the surface.