Hubert Gerold, the new forester of the Silver Forest, fights against the deforestation of his idyllic forest with the help of the court councilor. He actually succeeds in convincing the local council to sell building land instead of the forest. When Hubert meets Liesl, the court councilor's granddaughter, at a hunters' ball, his happiness seems complete. But while he is showing her the beauties of the Silver Forest, Liesl's admirer, Max, arrives from Vienna, determined to prevent their relationship at all costs.

The multi-millionaire Eduard Schlüter takes part under the name Schulze in a raffle of his own Schlüter works and wins a stay at the Grand Hotel. Disguised as a poor swallower, he would like to study the reactions of the hotel staff and guests. As an assistant, he takes his reliable servant Johann with him. Once there, he makes friends and also has cause for annoyance when his daughter and the housekeeper arrive.