Farmer Jabez Stone, about to lose his land, agrees to sell his soul to the devil, known as Mr. Scratch, who gives Jabez seven years to enjoy the fruits of his sale before he collects. Over that time, Jabez pays off his debts and helps many neighboring farmers, then becomes an advocate for the upstanding Sen. Daniel Webster. When Jabez's contract with Mr. Scratch concludes, he desperately turns to Webster to represent him in a trial for his soul.

Cutthroat pirate William Kidd captures Admiral Blayne's treasure ship and hides the bounty in a cave. Three years later, Kidd, posing as a respectable merchant captain, offers his services to the King of England. Seeking a social position, Kidd also negotiates for Blayne's title and lands, provided he can prove Blayne was associated with piracy. Launched upon his royal mission, Kidd is unaware that Blayne's son Adam is among the crew, determined to clear his father's name.

Pursued by the big-time gambler he robbed, John Muller assumes a new identity—with unfortunate results.

Small-time businessman Charles Engle is threatened with exposure for embezzling $3,000 for his free-spending wife. Deciding on suicide, he scribbles a note, stuffs it in his pocket and goes for one last night on the town. He is pulled into a poker game by conman Bill O'Brien and singer Nina Barone, but when they discover the dropped note, they resolve to turn the tables, get Engle his $3,000 and save his life.

Army Lieutenant Halliday, accused of stealing the Army payroll, pursues the real thief on a frantic chase through Mexico aided by the thief's ex-girlfriend and is in turn being chased by his accuser, Capt. Blake.

A Brooklyn pier racketeer bullies boat-owners into paying protection money but two fed-up fishermen decide to eliminate the gangster themselves rather than complain to the police.