
When Trudy arrives at the townhouse, Jim concludes that she is a thief, but lets her stay. He receives word that his daughter Trudy has run away from her finishing school.

Currently, O'Connor is preparing to buy Camp Kilson, a deserted army camp outside Manhattan, in order to build a massive air cargo network.
#GALE STORM IT HAPPENED ON 5TH AVENUE MAC#
McKeever, or "Mac." Mac invites Jim to stay with him at O'Connor's townhouse, which he has occupied for the last three winters while O'Connor resides in Virginia, and Jim assumes that Mac is O'Connor. He is eventually thrown out, and while sleeping on a park bench, meets the drifter, Aloysious T. One of his tenants, Jim Bullock, an out-of-work veteran, refuses to leave. Meanwhile, O'Connor evicts the tenants of one of his city apartment houses in order to erect an eighty story building. As the bus passes, a middle-aged drifter and his dog Sam enter the O'Connor house through a loose board in the fence and a manhole, and spend the night. On New York City's Fifth Avenue, the "richest avenue in the world," a tour bus announcer points out the boarded-up townhouse of "industrial wizard" Michael O'Connor, the world's second richest man. Later, Jim meets two friends from the service, Hank and Whitey, and their wives and children, who are living in a car due to the. When the night patrol arrives to check the house, Mac makes everyone hide and finally confesses to Jim and Trudy that he is an interloper. Trudy quickly falls in love with Jim, and is determined to keep her identity a secret so that he won't love her for her money.

Don DeFore and Charlie Ruggles reprised their roles in a Lux Radio Theatre broadcast, co-starring Victor Moore. Herbert Clyde Lewis and Frederick Stephani were nominated for an Academy Award for Writing (Original Story) for the film. Harry Revel's "That's What Christmas Means to Me" became a minor Christmas standard. and released in time for the picture's Easter week opening. HR also notes that the film's songs were to be published by Chappell and Co. To promote the picture, Monogram sponsored a parade in Manhattan with New York's Fifth Avenue Merchants Association, as well as a six-week cross-country bus tour, which ended in Los Angeles. According to a HR news item, footage of the first post-war Easter parade on New York City's Fifth Avenue, on, was shot for the film. Portions of this film were shot at Newport News, VA. In Sep 1952, Monogram announced that henceforth it would produce only films bearing the Allied Artists name. and initially the producing arm for Monogram's high-budget pictures. Allied Artists, which was formed in Nov 1946, was a wholly-owned subsidiary of Monogram Pictures Corp. This film was the first produced under the Allied Artists brand.
