Lily observes lines developing on her face, which she first blames as an anomaly of the electric light in her bedroom; the lines, however, remain in candlelight. She then blames the lines on her monetary and marital worries. She wonders if her worries were caused by her own actions or if they were her destiny, and recalls the circumstances of her upbringing, which Wharton depicts as a consistent pattern of living beyond the family's limited means.
Lily recalls her social debut at the age of nineteen, which was an extravagant affair. The reader learns that the nineteen-year-old Lily knew nothing about the value of money when she berates her mother for not supplying fresh flowers for luncheon. She repeats her request to her father, who sarcastically laughs at her and tells her that she should order twelve hundred fresh flowers each day. During this exchange, Mr. Bart reveals that he is financially ruined.
Her father's bankruptcy and death prompts Lily and her mother to pay extended visits to wealthier relatives. It also gives Lily the resolve to marry into wealth by cultivating her beauty as well as the social tact necessary to attract wealthy and eligible men. Lily, however, is not as mercenary as her mother. Lily considers her physical attractiveness as "a power for good, as giving her the opportunity to attain a position where she should make her influence felt in the vague diffusion of refinement and good taste." She dreams of marrying into European nobility by wont of her beauty and her refined tastes.
After her mother's death, Lily is taken in by her father's wealthy and widowed sister, Mrs. Peniston. It is revealed that she is not the wealthiest of Mr. Bart's relatives, and that her motivations are not necessarily selfless. The narrator tells the reader that "It would have been impossible for Mrs. Peniston to be heroic on a desert island," which can be interpreted to mean that her motivation is simply to appear charitable to impress others. The companionship of the two women is a convenience for Lily until she finds a husband, but Lily considers her aunt to be financially well off but miserly when it comes to her niece. Mrs. Peniston refuses to give Lily a regular allowance, and instead chooses to grant her irregular monetary sums.
Lily's resolve to marry wealth is cemented by her realizing that she cannot live on the sporadic payments she receives from Mrs. Peniston. Such monies will not pay her dressmaker's bills and gambling debts.
