Chalky heads in a new direction after assessing his latest partnership. In New York, Margaret finds herself in a quandary as a result of her association with Arnold Rothstein. Nucky hosts a prospective "big fish" partner from Boston. Luciano and Siegel meet with Narcisse in Harlem, promising business as usual, but encounter resistance. In 1884, young Nucky is privy to the passion of a hotel guest, and flirts with a young girl.

Chalky returns to Atlantic City with vengeance on his mind. Concerned about the ongoing threat from Luciano, Nucky arranges a meeting with Maranzano in New York. In Chicago, Eli's reunion with June takes an unexpected turn after a dinner party hosted by Van Alden and Sigrid. Capone looks to relocate his operation out of Chicago; Margaret completes a deal with Carolyn Rothstein; Nucky gets bad news from Cuba. In 1897, young Nucky looks to win over Mabel's father while asking for expanded responsibilities as deputy sheriff.