Wealthy shoe magnate John Reeves finds himself without motivation when his chief rival dies. Needing a change of scenery, he leaves the business in the hands of his conceited nephew Benjamin and heads off on a fishing vacation in Maine, where he meets Jenny and Tommy Hartland, the fun-loving brother and sister heirs to his deceased competitor’s firm, which is close to bankruptcy.
Pretending to be penniless hobo John Walton, he gets himself hired to work in their factory, which he discovers is being mismanaged by Fred Pettison. He soon makes dramatic changes in its operation that greatly improve its financial standing, and has himself appointed a trustee of the Hartland estate in order to force Jenny and Tommy to learn some responsibility.
Tommy begins working at his own company while his sister, anxious to find out why their shoes are less popular than those manufactured by Reeves, takes a job with the other company under the assumed name of Jane Grey. She finds herself attracted to Benjamin, unaware he’s involved in an ongoing battle with his uncle, who hopes to teach him a few lessons about running a business by keeping him on his toes. Benjamin discovers Jane’s true identity and, assuming she was spying on the company, ends their relationship. Reeves sets him straight, and the two companies merge. —Wikipedia