The Mangans, having fought on the losing side of the American War of Independence, sail to the Bahamas, where they settle and prosper.

Several generations later, Tom Mangan is the affluent proprietor of a number of luxury hotels, whose future looks even brighter with the injection of fifty million dollars provided by a well-heeled Texan family. The day Mangan clinches the deal with his friend, Bill Cunningham, should be the happiest day of his life, but a family tragedy followed by a series of misfortunes and disasters eventually leads him to suspect a conspiracy to ruin him, or, perhaps, something even more horrifying.