They used to run the country. Now they're running for their lives! Two on-the-lam former Presidents of the United States. Framed in a scandal by the current President and pursued by armed agents, the two squabbling political foes plunge into a desperately frantic search for the evidence that will establish their innocence.

J.B. Ball, a rich financier, gets fed up with his free-spending family. He takes his wife's just-bought (very expensive) sable coat and throws it out the window, it lands on poor hard-working girl Mary Smith. But it isn't so easy to just give away something so valuable, as he soon learns.

Alice Kendall is the darling of her social set, the sons and daughters of millionaires, although Alice's mother has impoverished herself to provide Alice with the luxuries she expects as her right. Mom blows what's left of her fortune to provide the best trousseau that money can buy when Alice marries Fred Garlan, and then wishes Fred lots of luck. Now, Alice is trying to coax Fred into buying her a new sable coat while Fred is busily trying to borrow enough money to keep his business afloat.