When an escaped convict is discovered hiding in a barn by two young children, he convinces the kids that he is a ghost while learning an important lesson in paying penance for his crimes. Witt Hampton was a convicted embezzler sentenced to year behind bars for his greedy transgressions. Eventually, Witt grows tired of prison life and stages a daring escape. Later, while seeking refuge in an old barn, Witt is discovered by two young boys. In order to avoid being sent back up the river, the frightened convict convinces the kids that he is actually a friendly ghost, and soon joins them on a series of fantastic adventures. Gradually, the once unrepentant criminal becomes inspired by the innocence of the children he has befriended, making a pledge to redeem himself before making the inevitable trip back to the big house.