When all Broadway shows are shut down during the Depression, a trio of desperate showgirls scheme to bilk a repugnant high society man of his money to keep their show going.

Broadway director Julian Marsh needs just one more hit show so he can retire and recover his health. It looks like he just may pull it off until temperamental star Dorthy Brock breaks her ankle on the eve of the show's premiere and has to be replaced by her understudy Peggy.

When the Manhattan investment firm of Sherwood Nash goes broke, he joins forces with his partner Snap and fashion designer Lynn Mason to provide discount shops with cheap copies of Paris couture dresses.

A mysterious bandit known as "The Wolf" steals the payroll from a country ranch.

Heck Claibourne has been involving young Russ Whitely in his cattle rustling schemes, and when they are nearly caught by Sheriff Doug Barrett and deputy O'Hara, their cohort, Luke, shoots and kills O'Hara.

The Llano Kid is robbing stages but only taking money from Montana Slade's Cottonwood Mine. He then gives the money to those cheated by Slade. The Sheriff is after him and eventually obtains a picture and displays wanted posters and is soon after him.