The wealthy owner of a fishing-boat fleet, Martin Cane, loves lovely Maida Rhodes, but her heart belongs to Jo Sprague, the son of the lighthouse keeper. Not only does Cane lose his love, but when his fleet is ruined he has to start over again from scratch. Maida soon finds out, however, that neither of her suitors is actually what he seems to be, which is good for one of them and not good for the other.