Godwin Peak, is a star student at Whitelaw College. He wins many academic prizes and his future seems promising. Then his Cockney uncle arrives intending to open an eating-house adjacent to the college. Godwin is mortified of being associated with 'trade' and leaves the college rather than face the scorn he expects to receive from his upper-class fellow students.

A cultivated poor young woman Emily Hood from a small town in the north of England works as a governess in a wealthy country family. She falls in love with her employer's son, Wilfrid Athel, and the two are engaged. However, during a visit to her parents' home, she is confronted by her father's employer, Dagworthy, who threatens to expose her father as a thief unless Emily marries him.