It starts with a prologue in which the old lord of the manor is dead and the manager (in a mask) is paying off some gypsies to take her far away. We then jump ahead to when the manager is enjoying the place, and up comes writer/director/producer Eric Lind. He's the nephew of the old lord. His father was disinherited for marrying a circus performer, which is no reason to bar him. The manager fails to kill Lind. Lind escapes with a lead to his cousin, the lucky family skeleton, and an old retainer. Soon enough he's appearing in circuses as the title character, and the old servant spots his cousin, Miss Evelyn. She's doing an acrobat act, and looks just like her mother. Soon they escape and we're in a fifteen-minute chase.
Like many of the movies restored by the Royal Belgian Archives, this one is missing a quarter of its length. This may explain why I can't tell if this was intended as a comedy or a regular melodrama with a circus theme; Lind did a lot of those in this period. There's some nice camerawork of the acrobatics, but in terms of story content, it's just dumb.