Merrick goes overboard printing rumors in The Deadwood Pioneer, earning rebuke from Swearengen. Tolliver aims to fleece Mose Manuel of his bloodstained profits. Utter's enraged when Wolcott interrupts his and Bullock's interrogation of Mose, and decides to leave town; the unsent letter of an old friend to his wife bringing back painful memories. A friendship between Jane and Joanie begins to grow as the latter becomes more isolated and alone. An escaped horse violently knocks William Bullock down in the thoroughfare.