Marianne falls in love with con man Valentine who uses their relation to get her father's endorsement on a money-raising scheme. He runs off with the money and Marianne, later dumping her. Her sister Laura loves Dr. Lindley although she knows he loves Marianne. Marianne returns and marries a wealthy young man, and Lindley turns his love toward Laura.

"Happy" MacDonald and his unfaithful wife own a Prohibition era night club. On this eventful night, he is threatened by bootleggers, and the club's star dancer falls in love with a young socialite who drinks to forget a personal tragedy, among other incidents.

Based on the Hammett novel, this ultra-rare film—is nominally taken from the author's classic gang-war novel Red Harvest, which proved too brutal and cynical even for pre-Code Hollywood.