At the crook of a road leading to Success is the little hamlet of Sleepy Hollow; One day, the regular road is closed for repairs, and the detour forces traffic to pass through Sleepy Hollow on the way to Success. Passing through the town is Avarice and his beautiful bride Innocence who bestir the envy of the village blacksmith, Ambition. Following them along the road to Success, the smithy encounters a wishing tree which enables him to switch bodies with Avarice.
Carmen, a maid, steals a locket belonging to the Aragon princess Maria Theresa and sells it to Gaines, a New York art collector, not knowing that the locket contains the clue to the Aragon family fortune's whereabouts. Based on the 1909 Broadway play of the same name by Paul Dickey and Charles W. Goddard.
Graehme, Ned Stewart's father, was accused of adultery and killed being innocent. Ned decided to avenge his father, but got captured and sent to the long journey to death "la longue traverse".