Former Montana marshal Seth Bullock starts a hardware business for miners, and the arrival of Wild Bill Hickok creates a stir. Meanwhile, a corrupt saloon owner brokers a land claim for a wealthy New Yorker.

Believing he's been duped, Brom Garret threatens to call the Pinkertons on Swearengen. Star and Bullock finally reach a deal on their hardware-store property. A new gambling outfit arrives from Chicago.

Swearengen receives a double dose of irritation when a drug supply is stolen and bad news arrives from a nearby town. Rev. Smith is an unlikely customer at the Gem. Merrick hatches an idea for Deadwood's first club.