At Christmastime in 1938, Susie Parkington, an elderly society matron and widow of the wealthy businessman and financier Major Augustus Parkington, is visited by her many relatives, with the exception of her beloved great-granddaughter Jane. Except for Jane, Susie's heirs are boorish, dissolute, and unhappy despite their wealth. When Jane does appear, she informs her great-grandmother that she plans to secretly elope with Ned Talbot, her father's employee, who wishes to take her away from her family and their way of life.