Peggy sells newspapers on the streets of Chicago, saving her money until she can afford to open a small newsstand called the "News Emporium". Although she has to support her younger brother and sister, Peggy manages to give a penny away every day to help the less fortunate. Millionaire Andrew Kimbalton, one of Peggy's customers, offers her a dollar a day to give away for him, but she declines, telling him that the pleasure of giving lies in giving yourself. He then asks Peggy to teach his only daughter Ann the art of philanthropy, and she agrees.

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