The movie follows the rise and fall of a con man — a story that begins and ends at a seedy travelling carnival. Stanton Carlisle (Tyrone Power) joins the carnival, working with “Mademoiselle Zeena” (Joan Blondell) and her alcoholic husband, Pete (Ian Keith).
In the days of King Henry IV,stalwart young Myles and his sister Meg have been raised as peasants,without any knowledge of who their father really was. But one day they journey to Macworth castle. There Myles falls in love with the Macworth’s daughter Anne,makesfriends and enemies,and learns to be a knight.