Wealthy American widow Elizabeth Carter plans to marry the Earl of Dettminster when lawyer Augustus Tucker informs her of a codicil in her late husband's will. The Carter fortune will go to nephew Pitney Carter, who is in love with Elizabeth, if her second husband is not an American. Elizabeth therefore pays penniless playwright Jasper Mallory $50,000 to marry her and schemes with actress Mme. Albani to provide grounds for divorce so that she may then make the earl her third husband.
