Summary—Chapter I: The Theme
Eddie Willers, special assistant to the vice president
of Taggart Transcontinental, walks toward his New York office. An
anonymous homeless man asks, “Who is John Galt?” after Eddie gives him
some money. Eddie is disturbed by the phrase, a slang reference to
all that is hopeless and unknowable. As he looks around, he sees businesses
failing everywhere. He remembers an oak tree he saw destroyed by
lightning as a child. Eddie meets with the railroad’s president,
James (Jim) Taggart, about another wreck on the Rio Norte Line.
He argues that the track must be replaced, but Taggart says he cannot
do anything until the new track arrives from Orren Boyle’s Associated
Steel. Eddie wants to use Rearden Steel, but Jim reminds him that
Boyle is a good friend and deserves a break. Eddie counters that
they risk losing every major shipper in Colorado to the Phoenix-Durango,
a rapidly growing young railroad run by Dan Conway. They have already
lost the support of Ellis Wyatt, an entrepreneur who has found a
way to revive exhausted oil wells. Wyatt Oil switched to the Phoenix-Durango
when Taggart could not keep up with its shipments. Jim tells Eddie
that nothing can be done.
After a trip to examine the Rio Norte Line, Dagny Taggart, Eddie’s
boss and Jim’s sister, sits aboard a train, listening to the notes of
a fantastic symphony. It turns out to be just a brakeman whistling.
He tells her the tune is Richard Halley’s Fifth Concerto. When she
tells him that is impossible, since Halley only wrote four concertos,
he becomes evasive. Later, Dagny awakes to find the train has stopped.
When she investigates, she finds the engineer refuses to take responsibility
for moving the train ahead. She identifies herself and orders him
to move the train. Seeing how hard it is to find good men, she makes
a note to herself to promote a talented employee named Owen Kellogg.
At a meeting with her brother Jim, Dagny tells him that
the problems with the Rio Norte are worse than they thought, so
she has canceled the order with Orren Boyle and placed an order
with Rearden Steel for a new alloy called Rearden Metal. Jim complains
that she had no authority from the Board and that they should give
Boyle a chance as a “little guy” up against the larger Rearden Steel.
He denounces her choice of Rearden Metal, an unproven new material that
no one has been willing to try. Dagny does not care what the others
are doing. She knows that Rearden Metal is the best substance on
the market. Jim evades the issue, but finally agrees to put the
order through.
Dagny calls the Music Publishing Company to inquire about Halley’s
Fifth Concerto, but is told that Halley has dropped out of public
life and has not published anything in eight years. Owen Kellogg
comes to see Dagny. Before she can offer him a promotion, he informs
her that he is quitting. She tries to discover his reason, but he
seems to have none. She offers him anything he wants to stay, but
he refuses. If he loves his job, she asks, why leave? He shrugs
and answers, “Who is John Galt?”
Summary—Chapter II: The Chain
Hank Rearden watches happily as the first heat for the
first order of Rearden Metal is poured. As he walks home, he thinks
of the ten years of trial and effort that yielded the new alloy
and of his early years of hard work in the mines and his steady
rise to ownership of mines and mills. Arriving home he finds his
wife talking to his mother, his brother Philip, and Paul Larkin,
an unsuccessful businessman and old friend. He apologizes for being
late but finds that he cannot tell them about Rearden Metal, knowing
they will not share his joy. His family insults him and his devotion
to his work, scolding him for working so much and not caring about
them. He presents his wife Lillian with a bracelet, a chain poured
from the first order of Rearden Metal. His mother reprimands
him for thinking that his metal should be like diamonds to his wife.
Rearden feels only an incredible sense of exhaustion and confusion
over what his family wants from him. Although he supports them,
they seem to want to hold some claim over him. They profess love
for him, but despise all the qualities in him that he feels are
worthy of love. Paul Larkin approaches Rearden and advises him to
ease up on his individualism. He reminds Rearden that he should
pay attention to “his man in Washington.” Rearden knows that every
day it becomes more important to have a strong lobbyist and protection
against the legislature, but he cannot bring himself to think about
it with any conviction.
Analysis: Part One, Chapters I–II
In these early chapters, Rand clearly establishes the
state of the nation. Decay is rampant and unavoidable. Businesses
are failing, and companies that remain in business face shortages
and delays. People respond with a helpless sense of doom, epitomized
in the rhetorical question, “Who is John Galt?” The question represents
a melancholy shrug, a declaration of defenselessness before a force too
terrifying and massive to combat or even comprehend—a pervasive
hopelessness and loss of spirit. The oak tree that Eddie remembers
serves as an apt metaphor for society’s decay. Eddie recalls that after
lightning struck the tree, he looked inside to see that it was already
dead, and the trunk had been a mere shell all along. Similarly,
society has begun to decay from the inside out.
