In a marksmanship contest, Lin McAdam wins a prized Winchester rifle, which is immediately stolen by the runner-up, Dutch Henry Brown. This "story of a rifle" then follows McAdams' pursuit, and the rifle as it changes hands, until a final showdown and shoot-out on a rocky mountain precipice.

It's 1914 in New York City. Adult brother and sister Trippy Trellis and Fanny Trellis, whose parents are now deceased, were once wealthy, but Trippy squandered away the family fortune, about which no one knows except their cousin George Trellis and their many creditors. Fanny and Trippy still put on the façade to the outside world that they have money. The beautiful Fanny can have any man that she wants to marry, but she sets her sights on Job Skeffington, the son of Russian-Jewish immigrants. Job's wealth was self-made in finance. They met as Trippy was once employed by Job in his brokerage house. Fanny and Job, who is now aware of the Trellis' financial straits, ultimately do get married, much to the consternation of Fanny's many suitors, but most specifically to Trippy, who knows the reason why Fanny married him. Job also realizes that Fanny does not love him...

Mortimer Brewster is a newspaperman and author known for his diatribes against marriage. We watch him being married at city hall in the opening scene. Now all that is required is a quick trip home to tell Mortimer's two maiden aunts. While trying to break the news, he finds out his aunts' hobby; killing lonely old men and burying them in the cellar. It gets worse.