In a mock fraternity initiation, a group of Yale students haze Paul Browning for tattling. When he learns that the leader of the group, oarsman Buck Simmons, is also winning the favor of Aida Courtlandt, the dean's niece, the jealous Browning and gambler Burton Hampdon, to whom Browning owes money, attempt to disgrace Buck so he will not be allowed to participate in the upcoming Yale-Harvard race. After they fail to lure Buck to bed with a girl, Browning takes Aida to a roadhouse so that Buck will have to break training rules to go there. When the coach, suspicious about the roadhouse incident, finds a letter planted on Buck about a deal for him to throw the race, he suspends Buck, but with Aida's influence, the dean straightens matters out. After Yale wins a close race, Browning shoots at Buck, who then trounces him. Proclaimed captain of the next year's team, Buck becomes engaged to Aida.

When the body of Wall Street broker Norman Temple is found dead in his office, the police arrest contractor James Borden for the crime on the testimony of Temple's secretary that Borden had threatened her employer over an unpaid note. Also under suspicion is Temple's Japanese valet, who quarreled with his employer the day before the murder. Tex, a detective, enters the case, following his own leads which prove the valet innocent. Tex finally deduces that Minkin, one of Temple's clerks, shot his employer when he interrupted the clerk robbing his safe. With Tex's revelation, Minkin's room is searched, the stolen bonds found and Borden is freed.