Combs, a settler in the Dakotas, receives word that he is the heir to a large fortune. He eagerly prepares to go and claim it, but his Native American wife White Fawn is dismayed. Fearing that she will lose her husband if he goes east, she stabs herself with a knife. When Combs finds her, he is overcome with grief. He bends over her and pulls out the knife, only to have their daughter see him in this position. She draws an erroneous conclusion from the situation, and runs for help, leading to some tumultuous developments.

A barmaid plies a swell with smiles and with cherries from a box that's just been delivered. When she refuses a cherry to a roughly-dressed tradesman who runs a tab at the bar, he pays off his debt in a huff, using all his week's pay. He then storms penniless and without provisions into his ill-furnished house where his wife and two children, ill-clad and ill-fed, cower. Is there any hope for him and for his family? If he does realize how low he's sunk, what help is there to lift him up? Will the family ever know the taste of cherries?

The scene is a railroad track on the side of a steep mountain, with a tunnel in the background, toward which a train is running at a high rate of speed. At this instant the audience is appalled at the sight of a second train rushing out of the tunnel. Both trains are on the same track and traveling toward each other at a high rate of speed. They collide. Cars and engines are smashed into fragments and thrown down the steep incline.

It's New Year's Eve. Three drunkards evoke a legend. The legend tells that the last person to die in a year, if he is a great sinner, will have to drive during the whole year the Phantom Chariot, the one that picks up the souls of the dead... David Holm, one of the three drunkards, dies at the last stroke of midnight...

A greedy tycoon decides, on a whim, to corner the world market in wheat. This doubles the price of bread, forcing the grain's producers into charity lines and further into poverty. The film continues to contrast the ironic differences between the lives of those who work to grow the wheat and the life of the man who dabbles in its sale for profit.