The rumors about Gatsby continue to circulate in New York—a reporter even travels to Gatsby’s mansion hoping to interview him. Having learned the truth about Gatsby’s early life sometime before writing his account, Nick now interrupts the story to relate Gatsby’s personal history—not as it is rumored to have occurred, nor as Gatsby claimed it occurred, but as it really happened.
Gatsby was born James Gatz on a North Dakota farm, and though he attended college at St. Olaf’s in Minnesota, he dropped out after two weeks, loathing the humiliating janitorial work by means of which he paid his tuition. He worked on Lake Superior the next summer fishing for salmon and digging for clams. One day, he saw a yacht owned by Dan Cody, a wealthy copper mogul, and rowed out to warn him about an impending storm. The grateful Cody took young Gatz, who gave his name as Jay Gatsby, on board his yacht as his personal assistant. Traveling with Cody to the Barbary Coast and the West Indies, Gatsby fell in love with wealth and luxury. Cody was a heavy drinker, and one of Gatsby’s jobs was to look after him during his drunken binges. This gave Gatsby a healthy respect for the dangers of alcohol and convinced him not to become a drinker himself. When Cody died, he left Gatsby $25,000, but Cody’s mistress prevented him from claiming his inheritance. Gatsby then dedicated himself to becoming a wealthy and successful man.
Nick sees neither Gatsby nor Daisy for several weeks after their reunion at Nick’s house. Stopping by Gatsby’s house one afternoon, he is alarmed to find Tom Buchanan there. Tom has stopped for a drink at Gatsby’s house with Mr. and Mrs. Sloane, with whom he has been out riding. Gatsby seems nervous and agitated, and tells Tom awkwardly that he knows Daisy. Gatsby invites Tom and the Sloanes to stay for dinner, but they refuse. To be polite, they invite Gatsby to dine with them, and he accepts, not realizing the insincerity of the invitation. Tom is contemptuous of Gatsby’s lack of social grace and highly critical of Daisy’s habit of visiting Gatsby’s house alone. He is suspicious, but he has not yet discovered Gatsby and Daisy’s love.
The following Saturday night, Tom and Daisy go to a party at Gatsby’s house. Though Tom has no interest in the party, his dislike for Gatsby causes him to want to keep an eye on Daisy. Gatsby’s party strikes Nick much more unfavorably this time around—he finds the revelry oppressive and notices that even Daisy has a bad time. Tom upsets her by telling her that Gatsby’s fortune comes from bootlegging. She angrily replies that Gatsby’s wealth comes from a chain of drugstores that he owns.
Gatsby seeks out Nick after Tom and Daisy leave the party; he is unhappy because Daisy has had such an unpleasant time. Gatsby wants things to be exactly the same as they were before he left Louisville: he wants Daisy to leave Tom so that he can be with her. Nick reminds Gatsby that he cannot re-create the past. Gatsby, distraught, protests that he can. He believes that his money can accomplish anything as far as Daisy is concerned. As he walks amid the debris from the party, Nick thinks about the first time Gatsby kissed Daisy, the moment when his dream of Daisy became the dominant force in his life. Now that he has her, Nick reflects, his dream is effectively over.
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