Isidore Wellby has just left the army and, abandoned by his girlfriend, feels lost and let down. In desperation, he signs away his soul in blood to a demon named Shapur. On the proviso that eventually he will be forced to enter hell, either as an ordinary damned soul or as a member of the cadre, he is allotted a number of demonic powers, the nature of which are not initially explained to him.
Ten years later, he has become a successful businessman and has married his erstwhile girlfriend. Shapur reappears to demand his price. If Wellby can perform a simple task using his demonic powers, Wellby will be accepted as a member of the elite of hell. Otherwise, he will be just an ordinary damned soul.
Wellby is confined to an apparently sealed bronze room and challenged to escape from it. Eventually, with little time left, he realizes that he has the power to move through time - the fourth dimension - and travels backward, thus escaping from the room.
In the story's climax, it is revealed that he has moved back to the time before he had signed away his soul and so he is able to turn down Shapur's persuasive offer, much to the demon's fury. However, he still had his ten successful years, since deals with Hell can give a person nothing he could not have obtained on his own. And since the demon no longer owns his soul, he has many more years left.