When a great storm keeps Santa from visiting
a village, a master toymaker/ex-navigator (Richardson) saves the
day by making presents for all of the children in the village.
Richardson had to sell his "beloved phonograph"
to get enough money to buy the supplies for making those presents.
Since Richardson owned the only phonograph in the village and since
the two greedy pigs who run the Emporium had always wanted that
prized machine Richardson was able to get top dollar.
Richardson keeps secret that he substituted
for Santa, but Santa finds out and offers him the position of Santa's
helper for making toys.