Bullock encounters a man of an unknown name, who claims that Indians had killed an immigrant family along the road, and he and Hickok along with others ride out to investigate. Swearengen at his saloon offers bounties for Indian scalps, in apparent revenge for the murders, and discounts on booze and women. Bullock and Hickok investigate and find the wagon turned over and all but one of the immigrant family killed. Before sunrise they confront the unknown man and point to holes in his story, saying the raid appeared to be a setup by whites. When he draws his weapon both men draw in defense, and Hickok's bullet kills him. Swearengen wakes to hear of these new events as told by E.B. Farnum, and is particularly unhappy hearing that one of the immigrant party survived, suspecting that his road agents may have been responsible for the raid.