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I know that about Elrond but they should say something about that in the Hobbit.By the way thanks.Even though Ive read lotr several times..sigh.
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Another point is that times were different when Bilbo was travelling, pretty much everyone thought that the ring was gone for good.
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Tolkien couldn't have said something about it in
The Hobbit. He had not yet written
Lord of the Rings; subsequently he had no idea of Elrond's participation in the matters, nor did he know the One Ring was powerful at the time. Just a ring that made one invisible. Also, most of the people of Middle-earth had no idea about the One Ring - that it existed, that Sauron forged it, or that it was evil.