Among the travelers of varied backgrounds that meet and interact on one night at Union Depot, a metropolitan train station, are Chick and his friend Scrap Iron, both newly released from prison after serving time for vagrancy. Hungry and desperate for a break, Chick fortuitously comes across across a valise abandoned by a drunken traveler. In it he finds a shaving kit and a suit of clothes with a bankroll, which help transform the affable tramp into a dashing gent. After buying himself a meal, Chick seeks some female companionship among the many hustlers who walk the station. He propositions Ruth Collins, a stranded, out-of-work showgirl and takes her to the station's hotel. However, he quickly realizes she's not a streetwalker but another hard luck victim of the Depression. Touched by the Ruth's sincerity, he vows to help her buy a ticket to Salt Lake City, where a job awaits her. Scrap Iron is lucky too, stumbling across a wallet with a claim check discarded by a pickpocket. When Chick claims the violin case, he finds it filled with cash, unbeknownst to him, counterfeit. As he buys Ruth a new dress and train ticket, the real counterfeiter and secret servicemen begin closing in on them.