February 1924. Nucky, preferring to stay in his room up in the Albatross Hotel and away from the boardwalk, comes to a peace agreement with Masseria and Rothstein. Richard, on his way home to reunite with his sister, leaves some corpses in his wake. Gillian, still an addict but desperate to get her grandson back, is resorting to prostitution until a stranger shows up with a better offer. Revenue Agent Sawicki's new partner, Warren Knox, isn't as naive as he acts. Chalky tries to run the Onyx Clu
Chalky is pressured by Valentin Narcisse, a Harlem kingpin who knows what Dunn did. At home, Van Alden must deal with his new stubbornly middle-class wife Sigrid; at work, he has to deal with an angry Al Capone. Knox's true boss, it turns out, is J. Edgar Hoover. Before he leaves for Florida to visit an old friend, Nucky placates a frustrated Eddie with a promotion. Valentin Narcisse puts an end to the conflict with the booking-agent's wife by having her killed by his men.
Nucky has reservations about investing in a Tampa land deal engineered by transplanted bootlegger Bill McCoy. While there, he meets speakeasy owner Sally Wheet. Valentin Narcisse books a sexy jazz singer, Daughter Maitland, to perform at the Onyx, and gauges Dunn Purnsley’s allegiance to Chalky. Willie, Eli’s son, turns to Mickey Doyle and his bootleg warehouse to elevate his social standing at college. Gillian agrees to pose as Roy Phillips’ wife to impress a possible partner. Harrow tries to b
Nucky gets to know Arnold Rothstein over a card game, and sizes up an unexpected partner for his Tampa land deal. A newly promoted Eddie Kessler gets detoured after making a train-station delivery. When one of their collectors is incapacitated, Al and Frank Capone decide to finish his route, enlisting a reluctant Van Alden to tag along. Agent Knox fills Hoover in on the Thompson operation, vowing to exploit Nucky's weakest link. Chalky is intrigued by Daughter Maitland’s presence. Dunn Purnsley
Knox torments Eddie and reveals his dark past, pushing him to betrayal. Willie, arrested over the death of schoolmate Henry Gaines, phones Nucky. Gillian, desperate to regain custody of Tommy but losing her grip, turns to Dunn for a fix. Van Alden is enlisted by Frank and Al Capone to bust some Democrat supporters' heads; Frank is shot by deputized Chicago agents. Nucky has Willie stick to a false alibi, pays off the Philadelphia DA to free him and leaves him with some avuncular advice shortly b
Nucky and Margaret have a strained meeting at Penn Station before he goes to Florida. While investigating Eddie's death, Eli finds Eddie's key for the safety-deposit box at the bank but isn't allowed access to it. Richard returns and comes across Paul Sagorsky after he's just received stark news from his doctor. Chalky draws closer to Daughter Maitland. Knox, pretending to be a Prohibition agent again, returns to Mickey's warehouse but can't escape Eddie's shadow. In Tampa, Nucky, Lansky and Luc
As news of Leopold and Loeb's arrest hits the papers, Al Capone, still angry and grief-stricken over Frank's death, kills a policeman. Rothstein runs into Margaret at her work, which is not entirely above-board. Dunn deals with church concern about his heroin in the community. Willie drops out of college—infuriating his father—and turns to Nucky for work. After Johnny Torrio is arrested at a distillery that he just bought from O'Banion, he orders Capone to kill him. Roy helps Gillian kick her ha
Tolliver hears about Willie's evasion of the law and pursues Eli as a way to end Nucky's empire. Chalky busts one of Narcisse's drug houses, with two-faced Dunn along for the show. Nucky has a nasty surprise when Sally rides up to Atlantic City with the new bootlegging delivery from Tampa. Narcisse employs Daughter Maitland to way-lay Chalky but she can't bring herself to let Dunn kill Chalky and stabs him fatally in the back.
Gillian opens up to Roy; Julia proposes to Richard. Eager to assert his power at home, Van Alden offers to kill O'Banion for Capone but old business gets in the way. Narcisse punishes Daughter for her betrayal, pushing Chalky towards a war Nucky refuses to join. After Frankie Yale, John Scalise and Albert Anselmi kill O'Banion at his shop counter, Van Alden takes $1,000 over his corpse. Rothstein negotiates an insurance plan with Nucky. Chalky's daughter Maybelle discovers her father's affair wi
Sally discovers heroin being slipped into shipments by Luciano and Lansky for Masseria. Chalky fails to kill Narcisse and is wounded. Margaret does an insider-deal for Rothstein in return for new lodgings. Capone, while trying to nudge Torrio into retirement, is saved by Van Alden from a tommy-gun ambush. Despite Tolliver's turning of Eli, Hoover is still uninterested in scotching the bootleggers' network. Nucky is forced into a deal with Narcisse after learning he is Masseria's partner in the h
Chalky and Daughter arrive at Havre de Grace to stay with Oscar Boneau, his old mentor. Gillian says goodbye to Tommy and looks forward to a life with Roy when he proposes to her. Knox pressures Eli to set up a meeting between the East Coast bosses in the network. Chalky wakes to find Daughter gone; some of Narcisse's men descend on the house, killing blind Oscar before being killed by his men. Gillian is tricked by Roy, who is actually a Pinkerton agent, into confessing to killing Roger. Nucky
Chalky confronts Nucky at gunpoint and demands they get rid of Narcisse. Richard asks Nucky where Jimmy is buried to keep Gillian in jail; in return, Nucky employs him for a hit. Richard sends Julia, Tommy, and Paul to his sister. Nucky tells Narcisse that Chalky wants to meet. After an attempt on Torrio narrowly fails, he puts Capone in charge. Knox/Tolliver sets up an eavesdrop for the big meeting but no one shows; Eli is called to the Albatross, where Nucky puts a gun to his head until Willie