Tweed had been released on one million…

Tweed had been released on one million dollars bail, and Tammany had set to work to recover its position through the ballot box.

Tweed is reelected to the state senate in November 1871, due to his personal popularity and largess in his district, but in general Tammany has not done well, and the members of the Tweed Ring begin to flee the jurisdiction, many going overseas.

Tweed is re-arrested, forced to resign his city positions, and is replaced as Tammany's leader.

Once again, he is released on bail—eight million dollars this time—but Tweed's supporters, such as Jay Gould, feel the repercussions of his fall from power.

Public indignation over Gould’s role in the Black Friday panic will force him to resign as director of the Erie in 1872.