[Morsul the Dark]

I think he ment "Kng under the mountain, afterall Lonely Mountain used to be the center of a larger Kingdom everyone wanted their sons trained by the dwarven smiths and payed tribute to them, and also the King Thorin returns I thinkk wwhen they say that they mean His title would gain little to no reespect in certain places because after however many years it was, they'd forgotten or just ignored the king's autority because he was absent.