During a dance, John Valiant challenges duel Edward Sassoon to defend the honor of Virginia beauty, Judith Fairfax, John promises Judith he won't take the life to his opponent, but when the smoke clears, Sassoon lies dead and John must flee North. Before he leaves, John entrusts Major Bristow to deliver an explanatory note to Judith, but, torn by his own desire for the Southern belle, Bristow pockets the letter instead. In the North, John founds a successful business and marries, but his young wife dies while giving birth to a son. Filled with hatred for John, Judith marries Tom Dandridge and has a daughter, Shirley. Many years later, John, Jr., now head of the Valiant Corporation, becomes engaged to Katherine Fargo. In order to save his company during a business panic, John must stake his entire fortune and, with his financial situation looking dim, loses Katherine's interest. In despair, John returns to his father's estate and falls in love with Shirley Dandridge.