Chapter 17 Summary

The next morning, Bard and the Elvenking come to the mountain’s entrance with a cloaked old man. They ask Thorin if he would be willing to trade for some of his gold, and they show him the Arkenstone. Thorin is appalled that his enemies have the stone, and he says he should not have to buy back what is his own. He accuses them of stealing, but Bilbo admits that he gave Bard the stone. Thorin shakes Bilbo, cursing him and Gandalf for choosing him, and he threatens to throw the little hobbit onto the rocks below.

The old man beside Bard and the Elvenking throws off his cloak and reveals himself to be Gandalf. He tells Thorin to make a deal and to refrain from hurting Bilbo. Furious, Thorin calls Bilbo “descendant of...

(The entire section is 546 words.)