A spy known as "1932" during World War I, is commissioned by the German Secret Service to trail English agent Captain Woodhouse to the Straits of Gibraltar and there effect the destruction of the British fleet. Before his departure, 1932 helps Jane Gerson, an American girl falsely accused of espionage, and later falls in love with her.

Tommy Buckman, the ne'er-do-well son of dime store magnate John Buckman, is given one last chance to succeed by surveying a possible location in New England for the opening of another store in his father's chain. Arriving in the town of Winton, Tommy lands in jail and, disowned by his father, is bailed out by Nina Potter, whose father owns the only dime store in town.

A silent action movie serial.