Every few years someone starts the familiar rumor: A print exists in the hands of a private collector; he's just waiting for the copyright to run out, so that he can release it on DVD himself. At this point, it seems unlikely. If the film does exist, it's buried in a vault at a film archive somewhere.

Chaney
 

Since he was going to be in Dracula and The Man Who Laughs, I could have seen him being the star of all the classics, he loved doing them he would have been the biggest name in horror.
We can only dream what make-up he would have created for the roles that were coming to him.
Does anyone know why he didn't want his son in acting?

Re: Chaney
 

Ron Chaney, Chaney's Jr.'s grandson, believes Lon Sr. didn't want his son to have to endure the same hardships in show business. See http://www.horror-wood.com/ronchaney.htm for more.

Whether he meant the physical hardships of taking on roles like Blizzard in the Penalty, or just the ups and downs of a career in acting, it's not clear.