New York City businessman James C. Pidgeon (Eugene Pallette) is on the verge of bankruptcy. His only hope is rich uncle Henry, who is on his deathbed. J. C.'s daughter Therese (Ruth Terry) persuades the rest of the family to take in a charity case for the holidays, not out of the goodness of her heart but to impress her upper-class boyfriend Stephen Bates (Robert Livingston (actor)) and his mother. From a newspaper list, they pick Anthony Marchaund (Joseph Schildkraut), an actor injured in a car accident at the height of his career 10 years before, who is now a broken-down drunk.
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