Prohibition is ending so bootlegger Bugs Ahearn decides to crack California society. He leases a house from down-on-her-luck Ruth and hires her as social secretary. He rescues Polly Cass from a horsefall and goes home to meet her dad who sells him some phony stock certificates. When he learns about this he sends to Chicago for mob help.

Steve Raleight wants to produce a show on Broadway. He finds a backer, Herman Whipple and a leading lady, Sally Lee. But Caroline Whipple forces Steve to use a known star, not a newcomer. Sally purchases a horse, she used to train when her parents had a farm before the depression and with to ex-vaudevillians, Sonny Ledford and Peter Trott she trains it to win a race, providing the money Steve needs for his show.

Broadway producer Johnny Demming is only interested in big-name talent and scoffs that his sister, father and other small-time talent could be used in a successful show.

The Winfield family moves into a new house in a small town in Indiana. Tomboy Marjorie Winfield begins a romance with William Sherman who lives across the street. Marjorie has to learn how to dance and act like a proper young lady. Unfortunately William Sherman has unconventional ideas for the time. His ideas include not believing in marriage or money, which causes friction with Marjorie's father, who is the local bank vice president

Lovely, gifted Irene Foster hopes that her childhood sweetheart-turned Broadway producer Robert Gordon will recognize her--and her talent. Gordon is too busy sparring with a dirt-dishing gossip columnist to notice, but his wisecracking, heart-of-gold secretary certainly does. She and Irene must use their wits to show him what he's missing!

On leave, a sailor falls in love with a young lady aspiring to become a Broadway dancer, but their relationship is jeopardized by an established Broadway star, who is also enamored by him.