In the home of Jonas Prim, president of an Oakdale bank, a thief makes off with a servant's clothing and valuables belonging to Prim's daughter Abigail. Abigail is thought to be absent visiting Sam Benham, whom her parents want her to marry. Escaping, the thief later encounters a group of hobos and is taken for one of them, the Oskaloosa Kid. Two of the hobos attempt to murder the newcomer for the loot, who shoots at one and flees.
Meanwhile, the Prims discover the theft and learn that Abigail never arrived at Benham's. The incidents are assumed to be connected to other crimes, the assault and robbery of John Baggs and the murder of Reginald Paynter, who had been seen with two men and a girl. The local paper speculates Abigail might have been involved with Paynter's murder. Mr. Prim hires a private eye.
The thief encounters another vagrant, Bridge, and the two take refuge from a storm in the deserted Squibb house, site of an old murder. Nearby, a shot is heard from a passing car, from which a woman is thrown. The two take the unconscious woman into the house. There they discover a dead body and hear something in the cellar dragging a chain. They lock themselves in one of the rooms. The woman, reviving, reveals herself as the girl with Paynter. The other men in the car were Terry, the driver, and the Oskaloosa Kid. She says the Kid murdered Paynter and afterwards threw her from the car and shot at her when she wouldn't keep quiet.