In the war, Calvin Gray was dishonorably discharged on the false accusations of a fellow officer. The other man, Henry Nelson, is now the vice-president of a bank in Texas. Gray arrives in town and sets about first enriching himself in the oil boom, then using his funds to stage a hostile takeover of the bank and ruin Nelson.
Gray isn’t only driven by spite. He becomes close friends of the Briskows, a family of nouveau-riche “nesters” — quite rustic in character but trying to find a guide to help them enter society. Many are willing to take their money, but Gray seems to be the only one who doesn’t laugh when their backs are turned. Allie, the Briskow daughter, falls in love with Gray.