Henry Wilton is a successful financier who is returning to America after a year away in Europe helping to arrange war debt repayments. He looks forward to being reunited with his family, including his much-younger second wife Emmy, his daughter Peggy and his son Eddie. However, when he arrives in his hometown on the train the only one there to greet him is his butler, Connors, much to Henry's dismay. The butler informs him that he is home a day earlier than expected, and that Peggy is an aspiring actress and Eddie is a polo player. They visit Eddie at the polo field, then arrive home, where they find that Emmy is having guests over at a music recital by composer Pietro Rafaelo. Henry further finds that in his absence Emmy has redecorated his bedroom in the Art Nouveau style, and removed his comfortable chair, which Connors has taken for safekeeping. While in Connors' room, Henry is visited by George Struthers, Peggy's fortune-hunting fiancé who she plans to marry for his money. Henry tries to buy a stock from Partington, his business rival, who refuses to honour an agreement they had to sell it at a certain price, claiming that the agreement is not in writing.
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