The novel opens on a brisk February morning in Curtain Wells, a fictional inland spa town dominated by the exacting social arbiter Beau Ripple. The community operates under a rigorous daily routine of medicinal water drinking and strict decorum. Within this rigid setting, two parallel romances unfold. Young Mr.
Francis Vernon, cynical and debt-ridden, pursues the wealthy and naive Miss Phyllida Courteen through clandestine meetings in the municipal maze. Simultaneously, the romantic and impulsive poet Charles Lovely finds himself captivated by Phyllida, creating a tangled web of unspoken rivalries and secret affections. As social tensions rise, the arrival of new visitors disrupts the fragile peace of the spa.
Beau Ripple maintains his absolute authority over the residents, even as minor rebellions and private indiscretions threaten to expose the hollowness of spa life. Vernon wrestles with his opportunistic intentions toward Phyllida, balancing his desire for her fortune against his fatigue with duplicity, while Lovely navigates his growing devotion and his own financial ruin at the card tables. The narrative progresses through public breakfasts, masked balls, and rustic excursions to a neighboring farm, revealing the contrast between public posturing and private desperation. The resolution remains delicately poised as the characters confront the consequences of their self-delusions and the fading illusion of perpetual youth.