Ambitious, idealistic Stephen Chase (Pat O'Brien) goes to work for the Atlantis Oil Company and is sent to a remote outpost in rural China run by "No. 1 Boss" (Arthur Byron). After a while, he feels secure enough to send for his fiancée and goes to Yokohama to meet and marry her. However, when he gets there, all that is waiting for him is a telegram, in which she explains she is unwilling to live in such a backward country.
He strikes up a conversation with Hester Adams (Josephine Hutchinson). She had come to see China for the first time with her father, a professor of Oriental studies, only to have him die on the voyage. As they become better acquainted, Stephen comes up with an idea (partly to save himself from losing face). He asks Hester to marry him, explaining that it would be a partnership. She is impressed by his dream of modernizing China and accepts. It does not take long however for them to fall in love.
No matter what happens, nothing shakes Stephen's faith in the company. When his friend, No. 1 Boss, is callously transferred to a lesser position, the old man commits suicide rather than accept the insult. The new boss, J.T. McCarger (Donald Crisp), orders Stephen to man an even more isolated post near Siberia. Stephen is reluctant to go since Hester is pregnant with their first child, but has no choice. Once there, he makes the agonized decision to go deal with a dangerous oil fire rather than stay and help the doctor deliver the baby. When he returns, he learns that the child is dead. This causes a temporary rift between him and his wife.
Things improve. Stephen is promoted and assigned to a large city in the south. The Chases becomes good friends with another couple, Don and Alice Wellman (John Eldredge and Jean Muir). Don works for Stephen, but he is so contemptuous of the Chinese that two important clients refuse to renew their contracts unless he is fired. Stephen is torn, but does let Don go. Don's replacement is McCarger. Despite a prolonged drought and an outbreak of cholera, Stephen ruthlessly collects payment from his customers, earning the best record of any branch in China.
Then, communists take over the city. An officer (Keye Luke) shows up at the company's offices and demands the gold stored in the safe. Stephen bargains with him and gets everyone except McCarger and himself evacuated to a ship by promising to give up the gold in a few hours. In the meantime, he sends for Ho (Tetsu Komai), a very well-connected Chinese customer and good friend, hoping he can use his influence. When Ho bravely shows up however, he is shot down in cold blood by the soldiers. Outraged, Stephen and McCarger take the gold and escape out the back door. McCarger is killed and Stephen wounded, but a passing boat rescues him and the gold.
In the hospital, he is visited by the new man in charge of the Orient for the company. Stephen is delighted to be offered the position of his assistant. However, when his boss outlines his plan to institute modern business practices, Stephen disagrees, explaining that, despite appearances, the "new" China is still run by the old ways. When he recovers, he is humiliated to learn that his job has been given to another man as a result. Further, he is given only menial tasks in an effort to get him to quit (and thus forfeit his pension). Hester gives Stephen's boss a tongue-lashing and reveals that her husband holds the patent for a lamp the company uses to popularize the use of its product. However, it is a call from the president of Atlantis, disturbed by the news that Stephen has been passed over for the job, that changes the man's mind. Stephen's shaken faith in the company is restored.Pat O'Brien as Stephen Chase
Josephine Hutchinson as Hester Adams Chase
Jean Muir as Alice Wellman
Lyle Talbot as Jim
Arthur Byron as No. 1 Boss
John Eldredge as Don Wellman
Donald Crisp as J.T. McCarger
Willie Fung as Kin, the Chases' servant
Tetsu Komai as Ho
Henry O'Neill as Edward Hartford
Ronnie Cosby as Bunsy Wellman, the Wellmans' son
William B. Davidson as E.H. Swaley (as William Davidson)
George Meeker as Bill Kendall
Joseph Crehan as Clements
Christian Rub as Dr. Jorgen
Willard Robertson as Speaker
Edward McWade as Dan
Florence Fair as Miss Cunningham
Keye Luke as Young Chinese Soldier
Writing for The Spectator in 1935, Graham Greene described the conceit of the film as excellent, but lamented that "so interesting a theme should have been passed first through the mind of a good, sincere and sentimental woman and then through the mind of a perhaps less sincere but certainly not less sentimental Hollywood scenario-writer".