||The gambling ship “Hades” capsizes and dozens of passengers are killed inside the hull. The ship’s owner, Harry Cain, is responsible for this tragedy, because his ship was not ballasted the right way. Two newspaper reporters, who were allegedly killed onboard, have survived and stage a scoop. Posing as ghosts they kidnap Cain, bring him aboard the “Hades” and make him confess his deadly negligence. As Cain whips out a gun, another tidal wave rolls in and takes Cain down to the bottom of the sea.