When Mountain City racketeer Charles Gillette is acquitted, he arrives at the Mountain City World newsroom and vows revenge on the Better Government Committee who put him behind bars. Members of the committee include Colonel Bogardus, owner of the World , Horace Mitchell, a candidate for mayor, and Mr. Franklin, a department store owner. First Gillette buys a rival newspaper, the Sentinel , and offers a pricey editorship to World newsman Ralph Houston, who refuses the offer on principle. That evening, Ralph and his partner, Tod Swain, are greeted at home by a creditor, and Vina Swain, Ralph's fiancée, is furious to find out he turned down Gillette's offer. When she learns Ralph went into debt to put her through college, she warns Gillette of a police raid and pays back Ralph's debt with Gillette's renumeration. When Ralph orders Vina not to work for Gillette, she breaks their engagement.
A scatterbrained heiress opens her home to a succession of unemployed actors and vaudeville performers, then decides to produce her own show, much to the consternation of her father, her sister and her sister's boyfriend, who is actually after the young girl's money.
A vaudeville comic and a pretty young dancer aren't having much luck in their separate careers, so they decide to combine their acts. In order to save money on the road, they get married. Soon their act begins to catch on, and they find themselves booked onto Broadway. They also realize that they actually are in love with each other, but just when things are starting to look up, the comic starts to let success go to his head.
Sheriff Ben Holden is in love with hotel owner Madge Malarkey when down-and-out carnival man Gabby Gilfoil shows up hoping to take her for some money. Gilfoil is mistaken for the wanted man Slippery Sawtelle. Neither suitor gets Malarkey but manage to take her husband (wealthy Simeon Trott) for a bundle.
Maggie, a headlining comedienne with the Follies, takes a fall off the stage into the orchestra pit and lands on the drum of musician Al Cassidy. One thing leads to another, they fall in love and get married. Al becomes a famous songwriter and Maggie stays home and has children. One day Al is hired to write a big number for Selma Larson, one of the Follies' most beautiful stars, and falls for her.
Sheriff Pat Halahan comes into an inheritance and travels to San Francisco to collect. Faith O’Day, a cat burglar armed with pistol and flashlight breaks into his hotel room and demands that Halahan cough up his dough. Halahan sees her threat and raises her a one-dollar bet that he can return a brooch she stole earlier the same evening before its loss is discovered. Pulling off his boots to slip on his own “soft shoes,” Halahan sets off to do a little second-story work, not realizing the trouble he’s in for.