[1] Seven-year-old Princess Syliva Maria Pia Angelica Toscanelli is called to the Mother Superior's office.

Alice Dexter, the wife of Augustus, is vacationing in the Villa dell'Acqua after having struck up a friendship with Princess Sylvia.

Franco Spada, the older brother of Vittorio, and the gardener of the villa, bribes the local priest with a gold watch.

The next morning, Princess Sylvia goes on her daily horse ride, when she encounters what appears to be an unconscious Franco.

When she dismounts and attempts to wake him, Franco immediately holds her at gunpoint in the hopes of kidnapping her so that the royal family will give enough money to send him and Vittorio to America.

Princess Sylvia makes it her life goal to fight for his release, knowing that Prince Giancarlo, was likely behind the arrest.

Alice, who is unable to produce children, decides to have Vittorio sent to America to become her son, against the wishes of Augustus.

Franco is later transferred to the island of San Stefano to live out the remainder of his life sentence with hard labor.

Shortly after, a drunk Rodney and Lucille's boyfriend gang up on Victor leading to a public fight.

The next day Victor returns home to inform Alice and Augustus that he is moving out, and living with an Italian family.

When Victor returns to work at the bank, Augustus calls him to his office, to question the loan application of an Italian grocer.

He later confesses the accident to Augustus, who accepts it calmly but secretly harbors mixed feelings regarding Victor's true nature.

In Italy, Franco writes in his diary that Fillipo has died due to a heat stroke coupled with twelve years of backbreaking work.

He plans to escape the prison and prepares to do so, only to find that the newly widowed Princess Sylvia has managed to have him pardoned by the King, and released.

With Victor as the new president of the Dexter Bank, he immediately initiates great changes by reaching out to new classes of depositors – primarily the urban poor and immigrants.

Little Vinnie learns of this change, and meets up with Victor at the bank to blackmail him into giving him a hundred thousand dollar loan.

He arranges to speak with the uncle of Julia Lombardini, his new secretary, due to his insights on Little Vinnie's criminal activities.

On the day that Victor receives news of Little Vinnie's arrest, Lucille asks him to make love to her.

Back at Julia's home, Victor asks her uncle who owns a local Italian newspaper for help in forcing Lucille to sell her stock.

They argue with Victor telling her that she has forced him into doing this for fear that she will sell the stock out of the family in order to climb the social ladder.

Eventually, Victor and his family are aboard a ship to Italy where they have been invited to attend Franco and Sylvia's wedding.

When the Dexter family returns home, Julia meets with Victor and tells him that while he has been away, she has been dating a wine importer and accepted his proposal in spite of the fact that she does not love him.

A week later Victor receives a cable from Sylvia informing him that Franco was run over by a car and killed.

A woman named Elaine Fitzsimmons has approached Victor with the idea of writing a book about his life.

Victor decides to have him work with the Sand Point road crews in order to learn his lesson.

The German captain who has caught him allows him to escape home where Princess Sylvia has transformed the palazzo into a hospital for wounded soldiers.

During Fausot's first date with Nanda, he mistakenly falls prey to the rumor that all Jewish girls are easy.

Also in attendance, is the newly married Lucille, her young husband Archibald Pembroke and Lorna Dexter.

During the party, Morris makes an announcement that he intends to create Russia, the most expensive dramatic film of its time, in order to document the suffering of the Russian Jews.

Morris eventually learns that Barbara had discovered that he had been sleeping with Laura Kaye, the female lead in the film.