- Nicky Renzi, a fourteen-year-old, finds the loot from a robbery and consults Perry about the legality of keeping it. His grandfather, Gramp Renzi, is adamant about reporting it to the police, but then charged with grand theft and murder.
- Frank Anderson and partner visit three time loser Art Crowley with a bottle of whiskey to entice him to join them in a robbery. Anderson offers to pay $700 but tears the seven bills in half so that Crowley receives the rest after the robbery. The three rob the Hargrove Finance Company the next day. They hold the three employees at gunpoint in the noisy office with a bad air conditioning fan. The manager Charles Hays refuses to open the safe so Anderson knocks him out and has "Pop" open the safe while Crowley acts as a guard. Fourteen year old Nicky Renzi sees Anderson hide the money in an abandoned house near his. After taking the money, he visits Perry to see if he can keep the money but Perry is unable to answer due to Nicky's limited answers. Nicky shows the money to his grandfather Anthony Renzi who tells him they must turn it over to the police. At that moment the police arrive. They have found Anderson dead in the abandoned house along with a crowbar bearing Renzi's initials. A second search turns up the final $12,000 hidden in the flour. Perry must overcome eye witnesses who tell an unlikely story.—Anonymous
- At his cheap apartment, heavy drinker Arthur Crowley (Elisha Cook Jr.) agrees to go in on a robbery for a $700 cut, despite being a 3-time loser who could get life if caught. Frank Anderson (James Anderson) tears seven $100 bills in half and gives Crowley one set of halves. The other partner, Pop (John Matthews), says nothing. The next day at Hargrove Finance, Lois Gilbert (Eleanor Audley) is complaining about the noisy air conditioner when the three robbers enter, masked. Frank orders executive Charles Hays (Robert P. Lieb) to open the safe, and bludgeons him when he doesn't respond. Pop goes to work on the safe as Crowley serves as lookout. Lois hits the alarm switch on the floor with her foot, setting it off just as Pop gets the safe open. The robbers fill a bag with cash, then Frank says "OK, Crowley, let's go!" and they leave.
Frank puts a bag in an old abandoned house, unaware he's been seen by 14-year-old vandal Nicky Renzi (Bobby Clark). Soon, Nicky is paying a visit to Perry, asking if "finders keepers" is a recognized legal principle. He won't divulge any details, so Perry is unable to advise him. Meanwhile, Frank returns home to find that his wife Iris (Nita Talbot) has unwanted company, Detective Sgt. Bender (Paul Bryar) and a uniformed officer. The police make it clear they suspect Frank in the holdup, then leave. Iris starts to back, reminding Frank that she said she'd leave if he got involved in something criminal again. Frank responds by pushing her around.
Nicky has just shown the loot he found to his "Gramp", Anthony Renzi (Eduardo Ciannelli) when the police enter and see it. Soon they are outside, joined by Lt. Tragg, who has found a crowbar with the initials "A R" on it. Then Tragg takes Gramp into the abandoned house and shows him Frank's body. Perry takes the case, and Della is taking care of Nicky when Paul enters with a report that the police have found the rest of the holdup money, $12,000, in the kitchen of the Renzi apartment. Nicky says he put it there, hiding it from Gramp because he knew his grandfather would insist on turning it over to the police. Meanwhile, Perry tells a stunned Gramp that Lois has identified him in a lineup as "Pop" from the robbery. The police trust her because she correctly Frank's body as belonging to the lead robber.
Perry goes to Hargrove Finance, asking to see Hays, but has trouble being heard until Lois shuts of the air conditioner. Hays says that Lois is the only one who identified any of the robbers. Despite being alone in her identification, Lois is quite confident. She says she recognized Gramp from the way he held his head to one side and his shuffling gait. She also mentions that she heard Frank call to "Riley" after the alarm went off. Paul pays a call on Iris, asking about Frank's associates. He gets nowhere, but notices the halves of $100 bills on a dresser. He's back in Perry's office when Eddie Merlin (Than Wyenn), a stoolie, enters. Perry tears a C-note and gives a half to Eddie and asks if this rings a bell. Eddie says it's a way of paying a lush, who can't otherwise be trusted, and gives Arthur Crowley as an example. Perry gives him the other half of the bill and he leaves.
In court, Gramp's friend Joseph Kolichek (Otto Waldis) testifies that two days before the robbery, heard Gramp say that he was expecting a large amount of money in a couple days. On cross-examination, he says that Gramp was always saying that same thing to him, over a period of years. He was expecting to make money from an invention. Lois takes the stand and points out Gramp as "Pop". Perry tries testing her eyesight, but she reads fine print on a sign in the back of the courtroom, without her glasses. This produces a smirk from Burger, but Perry also gets her to mention the noisy air conditioner. During a recess, Eddie calls Tragg and tells him Crowley was one of the robbers.
Hays testifies that some of his memory is coming back to him, and he now remembers Pop as Gramp, because he came into the Hargrove shortly before, asking about opening an account. Burger calls Crowley, who also identifies Gramp as Pop, but in his version he turned down the offer to participate in the robbery. During cross, Perry asks for a moment to confer, goes to Iris to talk to her, and briefly takes her hand. She clearly doesn't know what he's doing. Perry returns to cross-examination and shows the witness some torn bills (which he didn't really get from Iris). Crowley concocts a story about holding onto the other halves as a favor to Frank, but this means he was consorting with a known felon. The judge (Raymond Greenleaf) tells Burger to inform the parole board. Burger's next witness is Mr. Cagle (Eddie Marr), an expert on locks and safes. The D.A. has brought a safe identical to Hargrove's to the courtroom for a demonstation, but Perry says individual safes are different, and the judge agrees to reconvene at the finance company.
At Hargrove Fiance, Cagle opens the safe in 47 seconds. The judge wonders what the average time would be, which can't be gathered from a single trial. So Cagle starts to do it again, but while Burger is getting ready to time him, Perry turns on the air conditioner, saying those were the conditions when Pop opened the safe. Cagle makes a brief attempt, but almost immediately reports that it's impossible for him or anyone else to crack a safe in that racket. So Pop must have been given the combination, which means that Hays, the only one authorized to have it, was in on the robbery. Perry says that Frank left the money at the old house as agreed, but Nicky took it before Hays could pick it up. So Hays assumed he'd been double-crossed and murdered Frank. Hays doesn't think anyone could really believe that, but when he looks around the room all he sees are faces of people who clearly do believe it. Hays looks resigned to his fate.
We never do learn who Pop really was, at least not in the "edited for time" version of the episode on which this synopsis is based. Gramp is free from jail at the end of the episode, so he's not Pop. Who ever he was, he definitely wasn't played by John Matthews.
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