Faust, an aged philosopher and magician who has grown weary of life and has sought in vain for the secret of eternal youth, decides, after a night's long vigil, to call forth from the realms of darkness the evil one to aid him. Mephistopheles appears and offers him his services in return for Faust's soul. The aged philosopher refuses to accept until the devil shows him a vision of Marguerite in all her maiden simplicity and beauty. Faust agrees to accept the compact providing Mephistopheles will give him youth, wealth and love.

Extremely condensed version of the Mark Twain story of a royal heir and his poor doppelganger trading places.

Jack and the daughter of a horse trainer are in love with each other, but when the trainer discovers them together, he makes it clear that Jack is unwelcome. Later, at the stables, another suitor for the daughter's hand appears. An unusual agreement is reached, under which the result of a race will determine which of the two the daughter will marry. But Jack's rival proves to be unscrupulous, and he will stop at nothing to be successful.