In a shabby New York City side street in the mid-1880s, young Cedric Errol lives with his mother (known only as Mrs. Errol or "Dearest") in genteel poverty after the death of his father, Captain Cedric Errol. One day, they are visited by an English lawyer named Havisham with a message from young Cedric's grandfather, the Earl of Dorincourt, an unruly millionaire who despises the United States and was very disappointed when his youngest son married an American woman. With the deaths of his father's elder brothers, Cedric has now inherited the title Lord Fauntleroy and is the heir to the earldom and a vast estate. Cedric's grandfather wants him to live in England and be educated as an English aristocrat. He offers his son's widow a house and guaranteed income, but he refuses to have anything to do with her, even after she declines his money.However, the Earl is impressed by the appearance and intelligence of his American grandson and is charmed by his innocent nature. Cedric believes his grandfather to be an honorable man and benefactor, and the Earl cannot disappoint him. The Earl therefore becomes a benefactor to his tenants, to their delight, though he takes care to let them know that their benefactor is the child, Lord Fauntleroy.Meanwhile, back in New York, a homeless bootblack named Dick Tipton tells Cedric's old friend Mr. Hobbs, a New York City grocer, that a few years prior, after the death of his parents, Dick's older brother Benjamin married an awful woman who got rid of their only child together after he was born and then left.
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