Short movie produced by the first generation animator Kitayama Seitarou. Based on the Japanese fairy tale Hanasaka Jiijii, also called Hanasaka Jiisan.
An old childless couple loved their dog. One day, it dug in the garden, and they found a box of gold pieces there. A neighbor thought the dog must be able to find treasure, and managed to borrow the dog. When it dug in his garden, there were only bones, and he killed it. He told the couple that the dog had just dropped dead. They grieved and buried it under the fig tree where they had found the treasure. One night, the dog's master dreamed that the dog told him to chop down the tree and make a mortar from it. He told his wife, who said they must do as the dog asked. When they did, the rice put into the mortar turned into gold. The neighbor borrowed it, but the rice turned to foul-smelling berries, and he and his wife smashed and burned the mortar.
That night, in a dream, the dog told his master to take the ashes and sprinkle them on certain cherry trees. When he did, the cherry trees came into bloom, and the Daimyo (feudal landlord), passing by, marveled and gave him many gifts. The neighbor tried to do the same, but the ashes blew into the Daimyo's eyes, so he threw him into prison; when he was let out, his village would not let him live there anymore, and he could not, with his wicked ways, find a new home.