Upon finding themselves in financial difficulties because of the failure of the Edgerton-Tennant Company, New York socialites Diana and Silvette Tennant decide to work as society hostesses. Also affected by the business failure is James Edgerton, who is in love with Diana. Employed by wealthy E. H. Rivett to stage a fashionable party, Diana encounters Colonel Carew who harasses her with questions about a murder in Reno which has clouded her name. Driven from the party by his questioning, Diana is pursued by Carew to her apartment, followed by Mrs. Wemyss, a widow jealous of Carew's attentions to the girl. Diana's good name, her love and honor are at stake until Edgerton comes to her rescue, forcing a full revelation of the Reno affair and thus clearing the path for a union between Diana and her benefactor.