Plot
Harvey Cheyne (Freddie Bartholomew) is the spoiled son of an indulgent absentee father, business tycoon Frank Burton Cheyne (Melvyn Douglas). He is shunned by his classmates at a private boarding school, and eventually suspended for the remainder of the term due to bad behavior. His father realizes that the boy needs closer attention and guidance, so he takes his son with him on a business trip to Europe via a trans-Atlantic steamship.
En route, Harvey, as a result of another display of arrogance, falls overboard in the area of the Grand Banks of Newfoundland. He is rescued by a Portuguese-American fisherman, Manuel Fidello (Spencer Tracy), and taken aboard the fishing schooner We're Here. Harvey fails to persuade captain Disko Troop (Lionel Barrymore) to take him ashore, nor can he convince him of his wealth. However, the captain offers him a low-paid job as part of the crew until they return to port three months later. With no other choice, Harvey eventually accepts. Befriended by Captain Troop's son, Dan (Mickey Rooney), he begins to learn the ways of working at sea.
Under the guidance of Manuel, and observing his equally tough crew-mates, Harvey thrives, coming to learn that his former practices of cheating, bragging and whining are not an acceptable way of life. He also finds the father figure in Manuel he never had with his own father, and pleads with Manuel to allow him to remain on the We're Here after their return. In the climactic race back to the Gloucester port against a rival schooner, the Jennie Cushman, Manuel volunteers to climb to the top of the mast to furl the sail, but is mortally injured when the mast cracks and he is plunged into the water, caught irreversibly in the tangled rope and the topsail canvas. Manuel is cut loose of the ropes to sink below the surface to his death, and Harvey loses his surrogate father and best friend.
Eventually, the schooner returns to port and Harvey is reunited with his father. Rushing to the fishing town of Gloucester, Massachusetts, Harvey's father is surprised to find that his self-centered child has become mature and considerate. Harvey refuses to be comforted by his father, preferring to mourn for Manuel alone, but eventually comes around.
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