In Harlem, Owney Madden informs Dr. Narcisse that Joe Masseria squeezed Arnold Rothstein out of the heroin business. Though Madden warns him that Masseria doesn't like doing business with the "darker types," Narcisse insists on an introduction. Madden agrees to arrange a meeting between them at the Cotton Club. Rothstein, who has been having money problems of his own, sells his $500,000 insurance policy to Nucky (for 20 cents on the dollar), instead of having Mickey killed. Nucky comments, "It's probably the best investment I'll ever make. I know a dozen people who'd kill Mickey for free."
Back in Chicago, Van Alden delivers a funeral wreath to an apartment for "Mr. Dob," but finds himself facing Al and Ralph Capone. The wreath, Al notes, is for "Dean. O. Banion." They demand Van Alden tell them everything he knows about O'Banion. When Van Alden finds himself staring down the barrel of Al's gun, he demands $1000 to "blow O'Banion's head off."