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In Vienna, in the early part of the twentieth century, the Grand Duke Peter, son of the Russian czar, goes to a masked ball dressed as Romeo, accompanied by Colonel Baron Suroff. When Peter meets the lovely Maria Orlech, who is dressed as Juliet, she lures him to a house where Korum, a Polish nationalist, demands that he write the czar to demand the release Maria's father, condemned patriot Thaddeus Orlech. Korum then asks Polish agent Baron Stephan Wolensky to transport Peter's letter to St. Petersberg. Soon after this, Pavloff, a Russian official, asks his agent, Countess Olga Mironova, to stop Stephan. The next day, Stephan visits his old friend, Prince Johan, who asks him to transport a pair of candlesticks to a Russian princess. When Johan notices a hidden compartment in one of the candlesticks, he agrees and secretly places the letter inside the compartment. Later, Olga also visits Johan and hides a document from from Pavloff demanding Stephan's arrest in one of the candlesticks, unaware that Stephan has hidden Peter's letter in the other. She also begs Johan to let her transport them for him instead of Stephan. As Stephan and Olga travel toward Russia on the same train, Olga's maid, Mitzi Reisenbach, helps her lover Anton to steal Olga's luggage, not knowing that they carry the candlesticks instead of jewels. At a Russian train station, when Stephan sees a notice stating that Olga has posted a reward for the recovery of some stolen property, he goes to see her. He arrives just as Anton is arrested and Mitzi gets on a train, then casually offers to help Olga recover her property. When the police question Anton, he says that he gave the candlesticks to a "lady," and Stephen, who is present during the interrogation, realizes that the large basket Mitzi was carrying as she boarded the train must have contained the candlesticks. As Olga and Stephan both travel throughout Europe looking for Mitzi, they become infatuated, even though they try to outwit each other. When Stephan finally locates Mitzi, she says she sold the candlesticks to an antiques dealer named Santuzzi, at whose shop Stephan again meets Olga. Santuzzi also has sold the candlesticks, necessitating Olga and Stephan's separate journeys to Paris, and finally to London, where they try to outbid each other for the candlesticks at an auction. Compelled to pool their money to pay the auction house after their bidding escalates the price, each leaves with the candlestick he thinks contains the secret papers. Olga realizes she has the candlestick with his papers, just as Stephen realizes that he has the one with hers. He then comes to her hotel and promises to save her life by giving her papers back, but only after his papers arrive safely. Meanwhile, in Vienna, Korum and the others decide to kill Peter, thinking that Stephan has failed, but Maria makes them promise to wait a few more days. She also begs Peter to forgive her when she realizes that she has become fond of him. After the letter is successfully smuggled to the czar, Maria's father is released and Peter and the Baron are set free. Immediately after, Stephan is ordered to go before the czar, and Colonel Radoff of the Russian secret service deduces that Olga has has betrayed him. While Radoff is at Olga's house to arrest her, Stephen arrives with the other candlestick and, after he gives her the papers, she burns them as Radoff watches. When Stephan and Olga go before the czar, he is impressed with their love and loyalty to each other and allows them to go free, after which they leave Russia to marry.