Russia in the 1840s. There is a stranger in town, and he is behaving oddly. The unctuous Pavel Chichikov goes around the local estates buying up 'dead souls'. These are the papers relating to serfs who have died since the last census, but who remain on the record and still attract a tax demand. Chichikov is willing to relieve their owners of the tax burden by buying the titles for a song. What he does not say is that he then proposes to take out a huge mortgage against these fictitious citizens...