In this recently recovered and restored swashbuckler, the titular character begins the story as down-and-out Baron de Solignac (Pierre Blanchar), who joins a theater troupe and assumes the name Captain Fracasse. When he isn't performing various feats of derring-do, he and his archrival, the dastardly Duke de Vallombreuse (future screen idol Charles Boyer), vie for the hand of the troupe's innocent leading lady, Isabella (Lien Deyers).

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