Hank Rearden pours the first heat for his first order of Rearden Metal. As he walks home from his office late that night, Rearden thinks about the ten years of excruciating effort that went into inventing his new metal. We learn that he has been working since he was 14 years old, starting in the ore mines of Minnesota. With exhausting labor over a period of decades, he rose to own the ore mines. Now he owns steel mills as well.
The first thing that Rearden made from the first heat of Rearden Metal was a bracelet for his wife, Lillian. When he arrives home, he gives Lillian the bracelet. Lillian, his mother, and his unemployed brother — who all reside with Rearden and live off his income — insult him. The trio tries to make Rearden feel guilty for the hours that he works and his love of the company, and they accuse him of neglecting them. Lillian looks at the bracelet, which is shaped like a chain, and remarks, "A chain. Appropriate, isn't it? It's the chain by which he holds us all in bondage."
Paul Larkin, an unsuccessful businessman who claims to look up to Rearden, warns him regarding the state of his public relations. Larkin says that the newspapers depict Rearden as an antisocial enemy of the people, interested only in running steel mills and earning a profit. Rearden says that the newspapers are right about his love for his business. Larkin hints at possible political dangers and warns Rearden to make sure that his "Washington man," the political lobbyist he pays to protect him from the legislation of the socialist rulers, is loyal.
