Extravagant-living Helen Douglas and her wealthy husband, broker Alan Douglas, live beyond their means. Alan's friend, Billy Braden, tries to convince them to join him in leaving New York for the more peaceful West, but they refuse. After Helen quarrels with Alan because he will not buy her a $30,000 pearl necklace, she goes to her room. When a policeman comes to arrest Alan for embezzlement of funds to provide for Helen's extravagances, Alan kills the policeman and is sentenced to die in the electric chair. Helen, as she pleads to the judge, awakens to discover that she has been dreaming. She rushes to Alan's office and in the middle of a Wall Street panic, refuses to give him her savings to prevent his ruin. He denounces her in public, but at home she offers all her money for them to leave the city and lead a decent life elsewhere. He accepts this and embraces her.