A crop of millionaire inmates struggle to get accustomed to prison life, while inmate Nick Burton watches out for everyone's interests on the inside.

Eddie Kerns sells his song to a Broadway producer and also lands a job dancing in the musical. He sends for his dance partner-fiancée Molly Mahoney who brings her younger sister Pat. Upon seeing Molly and Pat dance, the producer picks Pat for the show and gives Molly a job selling cigarettes. A wealthy friend of the producer named "Chat" Chatsworth also has his eye on Pat. Pat is teamed with Eddie in the specialty number as Kerns and Mahoney. Pat and Eddie soon realize that they are in love and must tell Molly. Pat balks at hurting Molly and goes out with Chat who already has five ex-wives. Remake of The Broadway Melody (1929).

A group of "Phantom Raiders" interfere with a cattle drive from Texas to Abilene; fortunately, U.S. Marshal Wild Bill Hickok is appointed to ensure the success of the mission.