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In London, Neil McGill, the wastrel son of wealthy American industrialist Cornelius McGill, forgets his wedding to the fortune-hunting Abbie Bragdon for the second time. Abbie's titled father Sir Horace calls the marriage off, and Neil's father, disgusted by his son's antics, calls him an "international lounge lizard" and takes him off the family payroll. Neil's mother, however, decides that a letter from the illustrious psychiatrist Dr. Grauer, attesting to Neil's bout with amnesia, will patch up the romance. Consequently, mother and son travel to Switzerland where the doctor is vacationing. At the inn, Neil meets and falls in love with the doctor's ward, Luise Anzengruber, prompting Grauer, who is disturbed by Neil's reputation, to inform Luise that Neil is already engaged to an English girl in London. Denouncing Neil's betrayal, Luise leaves him to join Grauer on a mountain hike, but when their lives are imperiled by an avalanche, Neil joins the rescue party and the lovers are reunited. After returning to the safety of the inn, Neil asks Grauer for Luise's hand in marriage, but because he has no job, the doctor refuses, and Neil sets sail for America. Abbie, who is on the same ship, has conveniently arranged for the ship's captain to marry them en route, but when Luise follows Neil onboard the ship, he jilts Abbie for her. When they dock, the newlyweds are met by a surprised Cornelius, who finally forgives his son's wastrel past when Neil expresses a desire to go to work as an assistant shipping clerk in order to support his new wife.