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Jack has made a fortune from bootlegging and lost it in the Wall Street Crash. An alcoholic and in debt to gangsters, he flees New York as a stowaway. In Liverpool he meets Canon Penfold, who gets him a room in a hostel. He has to share with Charlie Rowse, an embittered ex-teacher who forces him to drink and beats him up. Jack hits back at him and quits the hostel. Morty Black, an old business friend from New York, offers him money.