With the passing of his beloved grandfather, Monty Brewster inherits a long-anticipated million dollars. But he suddenly discovers that he can inherit seven times as much from his eccentric uncle if he spends every cent of his grandfather's money within a year. The carefree prospect of running through a fortune in order to receive an even greater windfall turns into a comic burden because of his uncle's stipulations: Monty must spend responsibly, showing good business sense, limiting his charitable contributions, and maintaining utter secrecy about the second inheritance.
Can Monty run through the million according to his uncle's terms? His friends are aghast at his madcap extravagance — the gambling, the risky investments, the lavish parties — and Monty's romance with a banker's daughter is imperiled by his seemingly reckless spending. This sprightly comedy, originally published in 1902, offers an atmospheric picture of New York City at the turn of the twentieth century and its intriguing premise has served as the source of ten movie adaptations.