The Carpet from Bagdad.

Horace Wadsworth (played by Guy Oliver), one of a gang of criminals also planning a bank robbery in New York, steals the titular prayer rug from its Baghdad mosque. He sells the carpet to antique dealer George Jones (Wheeler Oakman) to fund the robbery scheme. But the theft places both men and Fortune Chedsoye (Kathlyn Williams), the innocent daughter of another conspirator, in danger from the carpet's guardian.