La Venus D'Or (Golden Venus) was based on Business, a play by Pierre Sabatier. Mirielle Balin stars as Judith, the mistress of ruthless oil magnate Harfstrong (Jacques Copeau). What Harfstrong doesn't know is that Judith is a spy for his hated business rival. When he does find out, he cannot get rid of her because she knows too much about his own crooked dealings. After several more reels of mutual betrayal and recriminations, the story suddenly shifts to the "good" characters, clean-limned young pilot Andre (Daniel Lecourtois) and his sweetheart Michelle (Andree Giuze). Set up as a fall guy for the villains, Andre somehow emerges from the experience none the worse for wear.
On the eve of getting married by order of his mother to a wealthy American heiress, Leon learns that his former friend just had a child. She cannot keep him, however, being in poverty.
Paris, 30's declared professional rivalry between two stars of the musical, Yvonne and Gaby leads to dire consequences. Yvonne's body is found in the theater. Gaby's future is threatened against the judgment to which it is subjected, with a probable prison sentence.
With Jean-Baptiste at the front, Louise takes care of Bébé with the help of Uncle Pierre. The letters she receives from Jean-Baptiste worry her, but Pierre distracts Bébé with a box of tin soldiers. That night, Bébé has a dream of his soldiers vanquishing the enemy, and the next morning, Jean-Baptiste surprises the family by returning home.
