Steve Raleigh hopes to bring a show to Broadway and finds a financial supporter in Herman Whipple and leading lady in Sally Lee. However, his wife Caroline Whipple insists that he use a famous actor instead of a newcomer. Sally buys a horse she had trained on her family's farm before the depression. With the help of two former vaudevillians, Sonny Ledford and Peter Trott, she trains the horse to win a race, providing the funds Steve needs for his show.