The names have all been changed, but this hard-hitting gangster tale is based on an actual newspaper headline story involving the brutal slaying of corrupt crime reporter Alfred "Jake" Lingle, who had been suspected of betraying his boss Al Capone. Naive Southern boy Breckinridge Lee comes to the big city for fame and fortune. He starts out honest, but is unable to the resist hefty payoffs offered by crime lord Louis Blanco to suppress certain stories. Time passes and Lee does a great job for Blanco. Lee's girl friend tries to get him to go straight, but he has become too accustomed to the money and besides is too deeply mired in corruption to ever escape. In the end, he loses his life when a story about Blanco's latest shenanigans escapes his watchful eye and gets printed. Believing Lee was behind the double-cross, Blanco orders him executed and tragedy ensues.