This film starts out with great promise. Tony (Warner Baxter) is a wealthy man, out on his yacht, who suddenly becomes aware that everybody onboard is just nice to him because of his money. As he stands leaning over the railing of the yacht, pondering this fact, he notices a man yelling for help, apparently drowning in the ocean. His yells of man overboard are not heard, so he jumps in and rescues the man. The yacht is out of range, so he swims to shore with Louis (Peter Lorre) in tow.
They camp on the beach for the night, and Tony tells Louis that if he could find just one person who was nice to him and not expecting a payout that he would give that person one million francs (today one dollar = 5 francs). The next day Louis awakens and finds Tony gone but his clothes and money still there. He goes into town wearing Tony's clothes and spending Tony's money. This gets the attention of the police, where Louis tells the story of the rich man, incognito dressed like a tramp, who will give one million francs to anybody who does a good deed for him with no expectations of reward. Soon everybody is being nice to all of the hobos. Meanwhile, Tony has become friends with a woman in a circus who knows nothing about this . Complications ensue.
Now all of this sounds pretty good, but it just seems to bog down a bit after Tony and Louie separate. A 1930s Fox screwball comedy is a rarity, and there is a reason for that. This would have been even better and probably ringed a bit truer if it had been made over at Warner Brothers, retaining the natural performance of Baxter as the millionaire and Lorre as the impish tramp and maybe using some of Warners' great contract players to fill in the blanks.
Still, it is funny and like "My Man Godfrey" has something to say about how your pocketbook often dictates your treatment by your fellow man towards the end of the Great Depression. A rare message-comedy from Fox.