Plot Summary:Monte Brewster's inheritance of his Grandfather Brewster's $2 million provokes his Grandfather Ingraham to promise Monte $10 million if he can spend his inheritance in one year and remain unmarried. Monte does his best, but he seems to grow wealthier with each spendthrift scheme, and his friends, especially Peggy Gray, secretly save and invest the money they are supposed to help him spend. A disastrous yachting cruise to Peru finally does the trick. Monte is broke, but he has married Peggy, so neither grandfather is satisfied until the salvaged yacht brings Monte a large sum and Peggy's investment in a Peruvian silver mine proves lucrative.
Monte Brewster learns that he has inherited 10 million from his late grandfather, but then learns that he must spend 2 million in less than a year and remain unmarried to inherit the rest of the money.