Phil Sparr (Alan Baxter), a newsreel photographer in New York City, is doing a fashion shot outside a bank.

Meanwhile, in the bank Joseph Gibbons (Phillip Huston) 's pal, Mr. Fredericks (Michael Wyler) says he is closing out his account tomorrow and will be withdrawing $800,000.00.

Phil meets magazine reporter Peggy Lane (Virginia Gilmore) and they go to deliver the film to Beck.

Then Phil's boss, Harry Avery (Loring Smith) discovers that Mr. Beaumont is actually Kurt Bauer, a wanted Nazi war criminal.

When Phil returns to his office he finds that his boss killed the hitman who was sent to knock him off and steal the film negative.