Old Betsey Older lives in a boarding house in which money-loving Bud Doolittle and wise Tom Dear are also unfortunate boarders. Poor Betsey loses her heart to both of these gentlemen. Betsey tries hard to win the love of these gentlemen, but the harder she tries the less progress she makes. In fact, she gets so tangled up that before long she thinks she "sees things." Bud and Tom try to stake her to each other, for they are both victims of flirting Marian. Tom finally gets Bud to propose to Betsey, misleading him with a phantom legacy. Bud learns the truth of the heiress' real financial position and then leaves her at the altar.