Elizabeth joins the suffragette movement, but in her effort to protect her, Rose is imprisoned.

The Bellamys are in shock when they learn that Eaton Place, which is part of the Southwold estate, must be sold in order to satisfy the terms of the deceased Lord Southwold's will. Adding to their worries is news of Elizabeth's involvement with Julius Karekin, a man they strongly disapprove of, but in the end, the relationship proves very beneficial.

Elizabeth's affair with Julius is over, James returns to England with his fiancée, Phyllis, and a major event marks the end of an era.