Two confidence men pose as investors to fleece the denizens of a small town. They build a carpet-tack factory with the funds, but some stockholders are suspicious. Eventually, someone tries to take over the business by buying it from them. The film is presumed lost.

A Southern teen at a ritzy boarding school gets into mischief while acting the sophisticated grownup to impress a suave gentleman and match wits with a pair of jewel thieves.