Bob Terry is in love with Lois Borden the daughter of his employer, John Borden. When some bonds are missing from the office, Bob is accused and because of Borden's strong sense of obligation to his stockholders, Bob is railroaded to prison. A few years later, the real thief is apprehended and Bob is released. He now begins his plan for revenge against Borden with the aid of his prison cell mate Todd and a gangster, John Carmody. Soon, some bonds are missing again and Borden knows Bob is involved but because Bob has suffered at his hands before, Borden assumes the responsibility and is about to be sentenced to prison. Todd is shot while trying to steal the bonds back from Carmody, but gets the bonds back to Bob and, before he dies, begs Bob to return them to the owner.
Acting
Ralph Morgan's guilt-ridden patriarch steals every scene
Writing
Todd's deathbed redemption hits harder than 62 minutes should allow

Director
Raymond Cannon
Trivia, insights & behind the scenes
Raymond Cannon was a B-movie specialist who'd pivot to directing westerns; this crime drama barely survived the 1934 Production Code crackdown.
The 'railroaded to prison' trope here reflects 1930s anxieties about corporate accountability—Borden's 'obligation to stockholders' is the real villain until he isn't.