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When crime boss Big Mike Morgan is killed, his lieutenant, "Doc" Rogers, learns that Morgan has a son named Edward living in the country with his mother. Rogers has naïve Edward brought to the city and installs him as the head of Acme Protective Agency. Good-hearted Eddy assumes his company provides insurance, rather than extortion-- But don't be too hard on the guy, he still doesn't know he's Baby Face Morgan, the most feared gangster in the city!