Young Jörgen Steenfeld is the heir of it over the chimney-indebted estate Steensgaard and unable to clear up its finances. He is being looked after by his old friend, "Mästerkatten", ie the enterprising, charming but somewhat irreplaceable Karl Konstantin Kattrup, who has been relegated from the university. Kattrup, involved as a manager at Steensgaard. Steenfeld receives visits by county governor Markdanner and her daughter Rose. The Countess is planning a marriage between Rose and Jörgen, but Jörgen is secretly in love with the orphan Helga Anthon, called Pips. The conditions are further complicated by the appearance of Kattrup and Rose.

Alice is engaged with Sven. She is interested in having fun and dancing, preferably with Faustino della Novarro. Sven gets upset by her behavior. They break the engagement. Alice finds work as a maid on a farm.

The Silfverdahl sisters goes sailing. One of them married, the other one, Brita, not. After a short journey Brita's sweetheart Einar secretly climbs aboard. Agathon, her prospective husband, get seasick and choose to leave the party.

Historical drama which features Gösta Ekman as the dashing rogue who steals the heart of the ethereal Mary Johnson.