Bilbo´s treachery

[Morsul the Dark]

Originally Posted by Alfirin

Actually, the very terms of that contract sound a little sketchy anyway. You notice Thorin says from the beginning ("1/14 of the profits (if any) not "1/14 of the hoard". Nice an legal, but it actually does give Thorin a sneaky opening. In once sense it works to Bilbo's advantage, since it techically means he is entitled to 1/4 of the Troll hoard as well. But by defining it as "total profits" Thorin actually has ample opportunity, if he feels so inclined to cut Bilbo out entierly. He can claim that the hoard is communal property of the Dwaven kingdom of Erebor, and as such does not actually belong to any of the party personally, so no party profit actually ensued (i.e. bilbo is entiteld to 1/14 of nothing, and always was). Or he could deduct from the shares such expenses as accrued from the trip. For the dwarves these retroactive expenses are largely meaningless, as they are being paid from them to them (so it's really just being re-paid) but Bilbo, who is NOT a member of the Dwaven Kingdom, could easily find his 1/14 eaten up with "expenses".

Well that is what "of profits" means.

We have to remember though, Bilbo took but two small chets which was actually a fraction of his total share. Meanin they probably went with "value" to measure the shares, would the arkenstone outweighed the entirety of the horde I doubt it. I always felt while probably worth a fortune it was probably more of a sentimental thing.

However, to the intial point I thought Bilbo took the arkenstone to make it a bargaining chip to avoid battle. It seems to me though it backfired just angering Thorin further.

What is probably the strangest part of The Hobbit is that in the end the goblins saved the day. Do we think Gandalf could have stopped The Elves, Dwarves, and Lakemen from tearing each other apart?