Steve Baird travels West, and with miner Mike Reardon, buys an abandoned mine called The Skyrocket. Hoping to raise money to cover his notes, Steve goes to New York where he meets forger Jackson Ives. Ives gives Steve $50,000 in counterfeit money for stock in the mine just before the notes are due. When Grace Tyler and other wealthy friends see the money they also buy stock, believing that Steve is a success. Meanwhile, neighboring mine owner James Morgan discovers that The Skyrocket contains gold, and he sets off an explosion, hoping to kill Mike before he discovers it. Instead of killing Mike, the explosion uncovers the gold and everyone becomes wealthy, including Ives who now has the money to make his forgeries good. At the end, Steve and Grace are married with Ives as best man.