This time around, Abner Peabody, proud owner of the Jot 'Em Down general store in Pine Ridge, Arkansas, inherits railroad stock from his Uncle Ernest. Because of this, he becomes the sole owner of the C&O Railroad. He assumes that it is the Chicago and Ohio Railroad. His general store partner, Lum Edwards, quickly involves himself in the business by appointing himself president. Lum comes up with the idea of selling some of the stock to the town's inhabitants, thus getting money to buy the land on which the railway is built and its surroundings.
Henry Pepper (Brian Aherne), top writer for Knickerbocker magazine, is assigned to write a profile on Carol Ainsley (Rosalind Russell), who has been named the outstanding career woman of the year. Carol, a super agent and star-maker, has just scooped her competition by selling the movie rights to the romance novel Whirlwind and is spending a fortune to find the perfect actor to play the male lead. When Carol learns that the book's author, Anthony Street, may be the man to play his own hero, she searches him out and discovers that he is actually Professor Michael Cobb (Willard Parker) of Buxton College.
A live-action host (Robert Emmett O'Connor) opens with a disclaimer about the nature of the cartoon, namely, that the short is meant to "prove beyond the shadow of a doubt that crime does not pay."
Norwegian millionaire Ostgaard (S.Z. Sakall) and his niece Nora (Sonja Henie) believe they will be staying at a posh resort in Canada, but it turns out owner Skip Hutton (Jack Oakie) and partner Freddy Austin (Cornel Wilde) are in debt and barely holding off foreclosure.
Josephine Evans (Mary Astor) and Professor Michael Kingsley (Herbert Marshall) are in a romantic relationship, something not approved of by Evan's two children. They try to disrupt the relationship with salacious incidents taken from their mother's fiction books, presenting them as true things their mother has done, hoping Kingsley would be displeased.
Donald, an Army private, is on an all-day march with his unit. He keeps up his enthusiasm for the first few miles and starts to mark them off on the pack of the soldier in front of him, but fatigue and unforgiving weather conditions - first rain, then snow, then heat - soon take their toll on him. By the time the unit commander calls a halt for the day, the tally marks cover not only the soldier's pack, but the backs of his arms, legs, and helmet as well. An exhausted and famished Donald quickly dumps out a mountain of gear from his pack, but he is not allowed to eat until he has set up his tent. It takes him only seconds to do this, but the tent soon collapses and he ends up struggling long into the night to set it up again. He dumps a bucket of water over the sagging canvas, causing it to shrink and rip in half.
Meadows, le majordome, quitte après avoir été tourmenté par le chat de la famille gâté, qui trouve qu'il est incapable de survivre seul, surtout après avoir rencontré les souris Hubie et Bertie.
« Hora », déesse des heures, apparaît tour à tour dans une suite de sketches : à un explorateur perdu dans le désert, à Léon, un petit bourgeois, qui cherche à s'évader de sa médiocrité, ensuite à une maman frivole qui délaisse son petit garçon, encore à un impénitent noceur, puis à un brave homme qui n'a plus un sou pour payer son restaurant, à un jeune sportif, à une vedette lasse de l'égoïsme de son public, à un condamné à mort enfin pour lequel elle arrive à fléchir le jugement dernier.
Hélène Mareuil est une femme d'affaires, elle dirige avec fermeté et compétence une usine de parfums de luxe dans le sud de la France. Un jour, par accident, elle renverse avec son automobile Claude Dubois, un artiste peintre qui circulait à vélo. Dubois tente de séduire la jeune femme dont la fantaisie n'est pas le fort ; pour parvenir à ses fins, il devra multiplier les ruses et les stratagèmes les plus subtils.