Jeffrey Dwyer is a writer and a poet who wrestles with the conflicts between his idealism and his passion. The two sides of his nature are personified in the women he loves: the sweetly innocent Joan Converse, and the sexy, charismatic Inez Martin.

Inventor John Turbin vows vengeance when "Iron Man" Moore, a wealthy iron industrialist, steals his plans. Poverty and disappointment make him a derelict, but he forgives his enemy and finds happiness after Moore's daughters, Hope and Joy, befriend him.

During a tempestuous storm, a lighthouse keeper finds an infant girl who washes ashore tied to some wreckage. He adopts her and they become inseparable. Eventually her real family finds her and wants her to live with them.

Max is determined to woo Mary, despite her Aunt Agatha's disapproval. Then, Max and Mary become embroiled in the world of Madam Coralie, a prominent dressmaker-bootlegger.