Posted on 01/24/2009 12:15:04 PM PST by Publius
Synopsis
Hank Rearden watches the first heat of steel for Rearden Metal poured at his mill. Then he walks home, fingering a chain of Rearden Metal in his pocket.
At home he is greeted by his mother, his wife Lillian, his brother Philip and his friend Paul Larkin. The group makes fun of the fact that his mind is back at the steel mill and complains that all he cares about is money. Lillian, in a catty way, asks Hank to set aside December 10 for a party for their wedding anniversary.. Hank tries to tell them about the big event at the mill, but they dont care. He gives Lillian the chain, a bracelet, which is the very first thing made from that heat of Rearden Metal, while his mother makes fun of him. (The bracelet is to become a major plot point.)
Larkin takes Hank aside and tells him what a fine product he has but hints that there might be trouble. Hank has a bad press, is only interested in his steel and mills, and doesnt care about public opinion. Larkin hints that there may be a problem with Hanks lobbyist in DC but doesnt go into detail. (This is Wesley Mouch, but he is not identified by name.)
Philip Rearden says he is spending his time raising money for the Friends of Global Progress, and he is upset that rich people have no social conscience. Hank tells Philip to go down to the mill tomorrow and pick up a check for ten thousand dollars. Philip barely thanks him and actually reproaches him for not truly caring about the underprivileged. Hank says he doesnt care and was only giving the money to Philip to make him happy. Philip says that he has no selfish interest in the money but he wants the money in cash so that Hank Reardens tainted name cannot be attached to it.
Larkin tells Hank that he shouldnt have given the money to Philip, and Lillian sees the act as a display of Hanks vanity. She likens the bracelet of Rearden Metal to a chain of bondage.
Hank Reardens Living Hell
The first chapter gives the reader a view into the lives of Dagny, Jim, Eddie and Taggart Transcontinental, while the purpose of the second chapter is to introduce Hank Rearden, his mill, his history and the nest of vipers he calls a family. One searches in vain for redeeming qualities, and one wishes that Hank had thrown the whole lot out on the street before the first page. The parasites who live off his wealth have no respect for the man who keeps them in food and gives them a roof over their heads. A highly successful man is an object of pity and contempt precisely because of his success.
The Real Life Rearden Steel Plant
In my youth, I recall a family outing to Pennsbury Manor, the ancestral home of William Penn and family near Morrisville, PA. Along the way, near the Pennsylvania Railroads (now Amtraks) Northeast Corridor rail line, I recall a large steel mill owned by US Steel. I dont know if its still in operation, but its position with respect to Philadelphia is close to where Hank Reardens steel mill is located in the book.
Some Discussion Topics
I vote for “The Road to Serfdom”. Only because that is the next one on my list...
Please add me to your ping list. Thanks.
I truly appreciate your assessment of the Reardon Steel chain that Hank gave to Lillian. I simply missed the potential of all the when I first read the book last year. You really nailed it for me. I am often slow on such things. Thanks for posting.
Admittedly I rushed through the book because I suppose that I felt somehow denied that I had not read the thing 20 or 30 years ago. Bad me.
I'll be reading it again soon.
I think that your post concerning the issue is profound.
Thanks again.
Ping to Chapter 2.
Something for later, because this is a fascinating discussion, is how would the relationship between Hank and his wife had changed if they had a child? I wonder how it would have affected Hank’s decisions near the end. As much as I love Atlas Shrugged and many of Rand’s other works, she never brings children into the mix, possibly because she never had any of her own and could not describe this relationship from a personal viewpoint. Children do change your world perspective. People love their children unconditionally regardless of how they turn out, and will sacrifice for them without hesitation.
Kind of like hank Rearden’s family and the professors in the train. Hatred toward success.
Absolutely. Hold that thought. I want to write on it now but I promised no spoilers... :-(
Should you not be aware, these are included in chronological order, along with other letters, papers and documents, in Library of America's two volume set Debate on the Constitution.
Also, when I did a Google search I found a LOA page, http://www.loa.org/debate/ , with a teaser offer for this set and a 1600 page collection of ThJ's papers &c. IMHO, this is a great offer even if we never have any organized discussion of these volumes here.
ML/NJ
In addition, an .rtf version of AS is available on the bookz chat channel. A little rough in the editing, but certainly readable. I’m using that with uBook on my laptop and my HPC’s, since I can’t find my hard copy right now.
If anyone wants it, ping me.
Now, regarding the bracelet, which is indeed a chain, it is a metaphor for Hank’s life. He presents it to his wife, mistakenly believing she will appreciate it, and understand what it cost him to make it. I think AR refers to the chain in the chapter title in order to connect the bracelet to the chains which instead bind Hank to and by his family and the world.
I’ve read AS about ten times, starting in 1957, when I was 14. I was planning to read it again, as soon as I finish P. J. O’Rourke’s treatise on Wealth of Nations. The events of this past fall moved it to the top of may list.
I don't think he expects her to understand anything. It is a pure token of love.
ML/NJ
Ping to Chapter 2.
Again, I think it’s more than his love, it’s his life, or at least the last ten years of it (This is my body, broken for you), and AR’s description of his demeanor when he is presenting it implies, to me at least, that he expected her to appreciate it for what it was, and was confused when she didn’t.
K
Ping to Chapter 2.
It occurs to me that Reardon’s wife and brother are cut from the same cloth as well as his mother. There is always something profoundly disturbing about the selfishness and jealousy that drives those surrounding Reardon. They despise Reardon for surpassing them or resent them for not paying them enough attention. The biggest slap in the face was when Philip didn’t want his organization to be associated with Reardon even though he was helping to fund it. They want Reardon to submit to their whims while simultaneously leaching off of his success. At the same time they derisively belittle his success to inflate their own importance and the appearance of moral superiority. The Left always gets a lot of mileage out of that one.
Please add me to the “Atlas Shrugged” ping list, thanks.
ping to the “Atlas Shrugged” book club!
Thank You.
I’m still trying to catch up with all of you, but I’m getting there. Another day or two and I should be caught up with you, so I can participate in the current discussion.
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