In spring of 1933 this film was submitted to the New York State Board of Censors, who rejected it, demanding a number of cuts and changes. Warner Brothers made these changes prior to the film's release in July 1933. In 2004, a "dupe negative" copy of the film as it existed prior to being censored was located at the Library of Congress. This uncensored version received its public premiere at the London Film Festival in November 2004, more than 70 years after it was made.
In the original 1933 sneak preview, Barbara Stanwyck's dialog in the opening sequence where she attacks her father for surrounding her with men since she was the age of 14 is intact, although it was actually cut from the release version.
The trivia item below may give away important plot points.
In the original version of the film, before changes were made to appease censors, the film ended with Lily finding that Courtland had killed himself. Censors forced the change to a relatively "happy" ending where it turns out that Courtland survived and it is suggested that Lily abandoned her pursuit of material wealth for true love.