The old Atwell home is said to be haunted, and Jeremy Foster, the gardener--who is actually the head of a band of thieves that use the house for a hideout--does his best to keep the superstition alive. Despite the rumors, impoverished sisters Lois and Alice Atwell decide to move into the empty family home. They take possession the same night that Ted Rawson is ordered to explore the place as an initiation rite by his fraternity.