At the time of The Hobbit, the Elven-king was unnamed. Tolkien had no idea he would be writing a far more mature, epic 'sequel' - it was simply a fairy tale, a children's story. The Necromancer was not known to be Sauron then either, nor was Gandalf's extensive history created, nor was Radagast anyone other than Gandalf's cousin that lived in Mirkwood, nor was the significance of the ring of invisibility known. The idea of the One Ring and the Rings of Power wasn't conceived.
[So on and so forth...]
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...take counsel with thyself, and remember who and what thou art.
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