Wendy and her brothers are whisked away to the magical world of Neverland with the hero of their stories, Peter Pan.

Billy Austin served on the crew of the USN airship Macon until it crashed at sea during a storm. In the hospital, the captain has given him a watch with the motto of the crew 'It Shall Be Done' inscribed on it. He was discharged from the Navy after losing one leg to the crash and now needs a job. As he knows lumber, he applies at the Rick's Lumbering Co. and persists by seeing both vice presidents and then Mr. Ricks. The President does hire him and his job is to sell the wood no one wants to buy. Austin thrives and becomes the star salesman of the company. He has also met the daughter of the President and intends to marry.

When assassin Philip Raven shoots a blackmailer and his beautiful female companion dead, he is paid off in marked bills by his treasonous employer who is working with foreign spies.