Set in 19th-century India, the film follows the decline of a wealthy aristocrat, his struggle with financial difficulties, and his deep love for music.
In a villa on Lake Como, Elio and Caterina's wedding day is disrupted by a newcomer who causes a series of expensive mistakes and accidents.
When Joe, a hold-up man, tries to rob Mary, a nightclub hostess, she winds winds up knocking him out. She takes pity on him, however, and nurses him back to health. He decides to go straight and marry her. Mary buys a $1000 Liberty Bond as an investment, while Joe saves up and buys a taxi to start his own business. Then Maisie, Mary's wild and money-crazy sister, shows up, which leads to tragedy.
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