Daniel H. Greely, a cub reporter "with newshound instincts" lands a job at The Metropolitan Clarion, a bustling newspaper overseen by publisher Roger Bradley, whose motto is "First - with the latest." The city is in the grip of a crime wave instigated by "the Gold Baron" and his gang, who have recently stolen $1 million in gold bullion - only the latest in a series of daring robberies. The police are powerless, and Commissioner Drake is at his wit's end. He's also feeling the heat from Bradley's editorials, which are highly critical of the police's inability to apprehend the Gold Baron.
Greely and society columnist Daisy Tellem attend the Van Allen gala at the nearby Embassy Club, which is sure to be a big story. It gets even bigger when the Gold Baron's gang shows up to rob the guests. Greely is able to elude detection - and phones the Chronicle while the robbery is in progress, only to discover that it's already been covered. Greely begins to suspect that someone, perhaps the Gold Baron himself, is right in their midst. When someone takes a shot at him, he knows he's on the right track. This could be the story of his life... if he can stay alive.
Eddie Nugent became a popular leading man in the early days of the sound era, appearing in both shorts and feature films. He co-starred in the classic 1933 musical 42nd Street, which earned a Best Picture Oscar nomination, as well as Meet the Mayor (1932), Behind Stone Walls (1932), Kentucky Blue Streak (1935), Just My Luck (1935) Lost in the Stratosphere (1935), A Man Betrayed (1936), Prison Shadows (1936) and Island Captives (1937). Island Captives marked the actor's final film, although he lived until age 90 and died in 1995.
In this newspaper drama, a cub reporter is puzzled when he is consistently scooped out of big crime stories by a rival. His nose for news tells him something is amiss, so he and his gal begin investigating. When he witnesses a bank-robbery that was reported before it happened, he figures out that the rival publisher and his ace reporter are part of a major crime ring.