Julius Binswanger, a poor Jewish immigrant, moves his family from New York City to the small town of Newton, where he becomes prosperous as a peddler; fifteen years later, great changes have transformed the community, and Binswanger finds difficulty in competing with the city trade. Since his daughter, Pearl, is in love with Max Teitlebaum, a wealthy New Yorker, and because his children chafe at small-town life, Binswanger, with the help of their mother, is persuaded to move back to New York. Fast life at the Hotel Wellington, where Max Teitlebaum resides, appalls Julius; yet, he rejects his son Izzy's commercial ideas. Business troubles multiply, and when Izzy requests a loan to take over the business with Max, Julius passionately announces his bankruptcy and plans to take an overdose of sleeping powder. Max, however, explains to Pearl that he will ask no dowry from her and wishes to form a partnership with her father. Becky announces the good news to Julius, Max and Pearl are happily united, and the family returns home.