Basil Kent marries Jenny Bush, because he believes that is the honourable thing to do after getting her pregnant, but he realizes that he is really in love with Hilda Murray. Grace Castillyon, an established married woman of position, has fallen hopelessly in love with young Reggie Bassett, who is only playing with her. Bella Langton ignores the short remaining days of Herbert Field who is suffering from consumption, and determines to marry him so that he can afford to spend the winters abroad. The Merry-Go-Round weaves together these relationships, adorned by the peripheral figures of Miss Ley and Frank Hurrell, observers of what is going on, who also have their own stories to tell. - Summary by Lilith Branda