When Congress votes to pay $2 billion in bonus bonds to World War I veterans, gullible Oklahoma machine supply company owner Harrison Gentry receives $1,100. His aunts want to use the money for a memorial to their father, while his fiancee Caroline wants it as a stake so they can marry.
Instead, Gentry goes to Kansas City and is duped into investing it in a phony oil company that promises to drill on a promising parcel in Harrison's hometown. Many townspeople join him in investing, only to go broke when the company gives up on a sham well and dissolves. Harrison is ostracized by his neighbors.
He leads an American Legion post to strong-arm the remainder of the money back from the swindlers, and uses it to drill a real well that strikes a gusher.
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