Watch Movies2Watch. Peter Jones is a young man who arrives on Broadway from Chillicothe, Ohio, hoping to invest $20,000 in a play and turn a profit sufficient to buy a local hotel back home. He is conned by Joe Lehman and Jack McClure into backing their play with a 49-percent stake. The play opens out-of-town in Syracuse and bombs. Lehman and McClure want out, and Jones buys them out