AllMovie

After rescuing a cat owned by eccentric Mrs. Peabody (Elizabeth Patterson), cub reporter Jimmy Olsen (Jack Larson) is given a reward--of one million dollars! Much to the dismay of his friends Clark (George Reeves) and Lois (Noel Neill), Jimmy begins throwing away his money on useless creature comforts, including a butler named Herbert (Leonard Carey), who turns out to be in cahoots with con man Stacy Tracey (Richard Reeves). First attempting to defraud Jimmy, Stracy ends up locking the neophyte millionaire and Lois in a safe--whereupon the pair is forced to incinerate "Olsen's millions" in order to create smoke signals that will summon Superman to their rescue.