Baron Felix von Gaigern, who squandered his fortune and supports himself as a card player and occasional jewel thief, befriends Otto Kringelein, a dying accountant who has decided to spend his remaining days in the lap of luxury. Kringelein's former employer, industrialist General Director Preysing, is at the hotel to close an important deal, and he hires stenographer Flaemmchen to assist him. She aspires to be an actress and shows Preysing some magazine photos for which she posed, implying she is willing to offer him more than typing if he advances her career.