Maxime de Champcey, a bankrupt marquis, is hired by the wealthy Laroque and falls for his daughter Marguerite. She loves him too but rejects him under the belief he's a fortune hunter.

When Paul, an officer, discovers Denise, a young orphan escaped from her orphanage, he takes advantage of his naivete to seduce her before changing her mind and sending her to live with her mother while sailing.

Guitry reprises his role as Pasteur which he played successfully at the Vaudeville Theatre in 1919.