Ada takes the paper and asks him if he's sick he tells her that he's just putting his affairs in order like any other man would. Thomas tells her that he doesn't have any kids, so he's set up a trust fund, and the beneficiaries will be John's kids and Karl, but he needs her signature in order for Karl to benefit. Ada tells Thomas that James doesn't know that she's a Shelby. After learning that James isn't after his sister, Thomas is a lot nicer and even shakes his hand. Thomas is initially rude to James, thinking him a new boyfriend of Ada's, but Ada tells him that he's a gay writer and he's not interested in her. Thomas visits Ada's home in London, and is met by James. Taking out his pocket watch, he notes that it only took 23 seconds for him to be noticed by the policeman. Thomas tells him that he's just lost, and turns the car back on. A policeman approaches him and tells him that he can't park there and needs to move on. Thomas looks over a file in his parked car. Thomas tells him that he put Arthur down there because people are afraid of him, but if he doesn't straighten up, he'll give the position to John. Thomas asks him how much of that 600 was paid for by him, and Arthur pours himself another drink, saying that it's under control. He reminds Arthur that they're only supposed to take a cut of the cocaine that the dealers sell, but they don't sell directly the Home Secretary is cracking down and he doesn't want this to ruin everything else. Arthur tries to cover and say that that's for olives and onions for the drinks, but Thomas knows better. Thomas is looking over the books when he notes that they've made 600 pounds on olives. Meanwhile, Thomas's distillery in Camden Town prepares to send five hundred bottles of Scotch whiskey to Prohibition-hit America, thanks to the deal with Churchill for an export license. The brothers welcome him to the business and toast to him. Thomas gifts him a gold pocket watch so that he'll never be late for work. Arthur comments that they need to find him a lady of the night and Polly is offended. Polly and Thomas spit into their palms and shake on it. Thomas will pay Michael a higher wage than he advertised and keep him away from the old business, putting him in charge of the new one.
Thomas and Polly initially clash over whether or not Michael should be given the job, but eventually they come to an agreement. Finn tells them that her box truck has arrived. May did her research on him and while he doesn't exist on a register, he did register for the war. May says that she's purely there for the horse. Thomas asks May if she wants to fuck him. She's surprised that he doesn't water it down with anything and he offers her cordial. In the Garrison, he pours her a glass of gin. Her box truck isn't coming until midday, so he takes her to The Garrison. Thomas has hired May to train his new horse, whose name is Grace’s Secret. Thomas invites May Carleton to the house to see a 'real gambling den,' because she's interested in seeing one. Thomas tells him to call his mother and wishes him luck. He says that he wants to help Tommy make the business mostly legal and he wants to be proud of the family. Lizzie tells him that someone's here for the accountant job. He puts the folder away and pours himself a drink.
Thomas is looking at Henry Russell's record when his fingers touch his temple and find blood. Arthur ruins Mario's face with glass and announces that the club is under new management, by order of the Peaky Blinders.
In London, Arthur, whose cocaine habit is scaring his younger brother, leads the Blinders in tearing up the Eden Club belonging to Italian gang lord Darby Sabini. Henry’s body is soon found in a pile of coal, and Thomas starts planning the assassination.
Thomas informs Campbell that Donal Henry is a spy and that the only way he’ll carry out the assassination is if Henry is killed. Upon arrival, he realizes Campbell and the pro-Treaty Irish Republicans have been working together all along. Thomas then makes his way to meet Inspector Campbell, who needs him to carry out another assassination, this time of Field Marshal Henry Russell. Thomas attends the funeral of the Digbeth Kid, whose real name was Harold Hancox, only to get a slap in the face from a mourner, before paying off the family for their trouble. Arthur spearheads a ferocious takeover of London's Eden Club, meanwhile Thomas and his new horse trainer become better acquainted.