Elizabeth Rimplegar inhabits a household populated by virtual lunatics. Her mother, Nellie, mishandled the family fortune, and, alas, the stock market crash has depleted their worth. Elizabeth's goofy brothers cannot easily adjust to the life of the average worker. Meanwhile, the family doctor has his eye on Elizabeth, but he will have to compete with her suitor, an ill-informed writer.
Edgar, a broken-down race horse, becomes a fugitive from a glue factory and is ousted from his park bench and chased by the police. He upsets a peddler's cart and the peddler befriends him. He pulls the cart and in his zeal to help his new master gets them both into trouble with the police. The police radio is tuned in on a horse race and Edgar breaks loose and heads for the race track, joins and wins the race. He and the junk-man retire to a life of ease.
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