Gullible young Bobby Burnit,, inherits $300,000 from his hard-working entrepreneur father. Because the will specifies that the money must be invested, Agnes Elliston, Bobby's sweetheart, suggests that he take over his father's chain of stores. Soon Bobby becomes the dupe of various swindlers and charlatans, among them Sam Stone and Bobby's shady lawyer. With the help of Bobby's friend Biff Bates and Daniel Johnson, a loyal employee of Bobby's father, the swindlers are exposed in the newspaper and Bobby's inheritance is saved. Finally, after rescuing Agnes from Stone's advances, Bobby proposes to her, thus respecting all of his late father's wishes.