The film opens with banker Richard Gresham (Edward Arnold) meeting King Anatol XII (Henry Stephenson) in a mud bath in the king's European country of Taronia. The king mentions that he'd love to be able to give his people some modern conveniences that Americans take for granted, but that the country is too poor. The banker says he could float fifty million dollars in bonds, but that it would require a good will tour by the royalty of Taronia. The king mentions that when kings leave their country they are often not allowed to return, and suggests that his daughter Catterina (Sylvia Sidney) do the good will tour in his place.
When the princess reaches America she comes down with the mumps and must be quarantined for a month. So Gresham scours New York City for a look alike for the princess and finds her in impoverished struggling actress Nancy Lane (also Sylvia Sidney of course), who will be paid ten thousand dollars for pulling off the impersonation. Complications ensue, not the least of which is that high minded newspaper publisher Porter Madison III (Cary Grant) has a running beef with Gresham and thinks that this bond business must be shady dealings AND Gresham thus instructs stand in Nancy Lane to "vamp" him.
Cary Grant is finding his lane in comedy at this point, and it is refreshing to see Sylvia Sidney do comedy after watching her play the tragic figure in so many films. There's lots here that is pure Great Depression or at least pure pre WWII Europe- Gresham as unscrupulous capitalist, an automat turkey dinner turning ordinary people into thieves because they are starving, fast talking reporters willing to believe and do anything to get a leg up on a story, and tiny European countries that nobody has ever heard of that sound like they exist in a snow globe. And then there is Vince Barnett who steals the show as a Taronian count who is a completely unappealing man in just about every way possible.
And then there is Grant's character Porter Madison III. Madison may sound high minded, but in the end he changes his mind about the bond issue because he falls for the big sad eyes of "the princess", not because he is convinced that the investment is fundamentally sound. So Gresham does have his number in that regard.
This one doesn't have any individual great one liners like a Lubitsch, but the situations are charming, and it is an enjoyable watch with no real villains, or at least effective ones, in sight.
