Refusing to marry her stepmother's choice, Gail Prim leaves her life of luxury, after cutting her hair, dressing in her butler's clothes and stealing money and jewels from her father's safe. Spending the night in a barn, she introduces herself to the thieves already there as the Oskaloosa Kid, a wanted criminal, and barely escapes their struggle to get her loot. Meanwhile, the real Oskaloosa Kid kills Reginald Paynter and throws Nettie Penning, whom Reginald was trying to seduce, onto the highway.

During a lawn party at his New York home, steel magnate Theodore Morton claims he is bankrupt as a deterrent to Lord Dormer and the Duke of Medonia, two fortune hunters competing for his niece, Betty. After the suitors depart, unscrupulous Carl Gates is informed by his fiancée, banker's secretary Adele Shelby, that Theodore was lying. Carl pursues Betty, who accepts his proposal with the belief that the marriage will benefit her uncle. During a yachting expedition with Carl, Betty falls overboard and is rescued by architect Tom Waring, who is competing in a race. Tom wins with Betty on board, and a romance develops.