This musical centers around a puppet-maker and his lovely daughter. The trouble begins as the puppet-man's livelihood is threatened by a banker who wants to foreclose. The banker is ready to bargain though: he will forgive the debt if the puppet-maker's daughter will marry him. Both father and daughter are appalled at that prospect. They trick the banker by creating a life-size puppet of the daughter who meanwhile sneaks off to marry her real love, a forester working for the Duke.