In the war-like times of Oliver Cromwell, in and around 'olde Oxford towne', Dutchman Karl Van Kerstenbrook, Dutch soldier-of-fortune and sword-for-hire, stands ready to defend his lady-love, the fair Thomsine Musgrove, and prove his nettle, and that his blade is made of the finest metal.

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Roberto Balagtas is falsely arrested for treason and sent to prison where he is tortured. He escapes with other prisoners, but only Batagtas survives the escape, carrying with him a treasure map left by one of the others. He crosses paths with Ming Tang (Strong) and a group of Chinese smugglers, with whom he finds the treasure. The booty makes him extremely wealthy, and he changes his name to Don Diego Sebastian. He then goes back to the Philippines to seek his revenge.

Jimmy Betts angrily remonstrates with his wife for a letter she has written to Count Henri Duval, while she bristles at the attention that Jimmy has lavished on Mrs. Ella Rice, an aging but nonetheless charming widow. Exasperated, Ruth decides to accept the count's invitation to dine on his yacht, but on her way, she overturns her rowboat and loses consciousness.