Plaza Pictures

An unscrupulous businessman, embittered by years of neglect from his true father, who happens to be Santa Claus, finds that after years of taking over numerous toy factories, he must save the holidays for the children of the world.

John Douglas divorces his wife, taking custody of their son Kenneth and leaving her with their little daughter Kathleen. Mrs. Douglas dies in poverty, and Kathleen falls in with crook Jack Baggot and his wife, who teach her how to pick pockets.