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The Council of Elrond finally decides that the only option is to destroy the One Ring in the fire of Mount Doom
“Thus we return once more to the destroying of the Ring,” said Erestor, “and yet we come no nearer. What strength have we for the finding of the Fire in which it was made? That is the path of despair. Of folly I would say, if the long wisdom of Elrond did not forbid me.”
“Despair, or folly?” said Gandalf. “It is not despair, for despair is only for those who see the end beyond all doubt. We do not. It is wisdom to recognize necessity, when all other courses have been weighed, though as folly it may appear to those who cling to false hope. Well, let folly be our cloak, a veil before the eyes of the Enemy! For he is very wise, and weighs all things to a nicety in the scales of his malice. But the only measure that he knows is desire, desire for power; and so he judges all hearts. Into his heart the thought will not enter that any will refuse it, that having the Ring we may seek to destroy it. If we seek this, we shall put him out of reckoning.”
“At least for a while,” said Elrond. “The road must be trod, but it will be very hard. And neither strength nor wisdom will carry us far upon it. This quest may be attempted by the weak with as much hope as the strong. Yet such is oft the course of deeds that move the wheels of the world: small hands do them because they must, while the eyes of the great are elsewhere.”
-The Fellowship of the Ring, Book 2, Chapter 2
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Gandalf chides Frodo after he wishes death on Gollum
“I am sorry,” said Frodo. “But I am frightened; and I do not feel any pity for Gollum.”
“You have not seen him,” Gandalf broke in.
“No, and I don’t want to,” said Frodo. “I can’t understand you. Do you mean to say that you, and the Elves, have let him live on after all those horrible deeds? Now at any rate he is as bad as an Orc, and just an enemy. He deserves death.”
“Deserves it! I daresay he does. Many that live deserve death. And some that die deserve life. Can you give it to them? Then do not be too eager to deal out death in judge- ment. For even the very wise cannot see all ends.”
-The Fellowship of the Ring, Book 1, Chapter 2
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Bilbo returns home to find, to his great surprise, that his possessions were being auctioned off
And so they crossed the bridge and passed the mill by the river and came right back to Bilbo’s own door.
“Bless me! What’s going on?” he cried. There was a great commotion, and people of all sorts, respectable and unrespectable, were thick round the door, and many were going in and out—not even wiping their feet on the mat, as Bilbo noticed with annoyance.
If he was surprised, they were more surprised still. He had arrived back in the middle of an auction! There was a large notice in black and red hung on the gate, stating that on June the Twenty-second Messrs Grubb, Grubb, and Burrowes would sell by auction the effects of the late Bilbo Baggins Esquire, of Bag-End, Underhill, Hobbiton. Sale to commence at ten o’clock sharp. It was now nearly lunchtime, and most of the things had already been sold, for various prices from next to nothing to old songs (as is not unusual at auctions).
-The Hobbit, Chapter 19
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On his way back to the Shire, Bilbo takes one last look at the Lonely Mountain
At last they came up the long road, and reached the very pass where the goblins had captured them before. But they came to that high point at morning, and looking backward they saw a white sun shining over the outstretched lands. There behind lay Mirkwood, blue in the distance, and darkly green at the nearer edge even in the spring. There far away was the Lonely Mountain on the edge of eyesight. On its highest peak snow yet unmelted was gleaming pale.
“So comes snow after fire, and even dragons have their ending!” said Bilbo, and he turned his back on his adventure. The Tookish part was getting very tired, and the Baggins was daily getting stronger. “I wish now only to be in my own arm-chair!” he said.
-The Hobbit, Chapter 18
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A grievously injured Thorin Oakenshield bids farewell to Bilbo Baggins
Bilbo knelt on one knee filled with sorrow. “Farewell, King under the Mountain!” he said. “This is a bitter adventure, if it must end so; and not a mountain of gold can amend it. Yet I am glad that I have shared in your perils— that has been more than any Baggins deserves.”
“No!” said Thorin. “There is more in you of good than you know, child of the kindly West. Some courage and some wisdom, blended in measure. If more of us valued food and cheer and song above hoarded gold, it would be a merrier world. But sad or merry, I must leave it now. Farewell!”
-The Hobbit, Chapter 18
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Bilbo attempts to flatter Smaug the Dragon
“Well, thief! I smell you and I feel your air. I hear your breath. Come along! Help yourself again, there is plenty and to spare!”
But Bilbo was not quite so unlearned in dragon-lore as all that, and if Smaug hoped to get him to come nearer so easily he was disappointed. “No thank you, O Smaug the Tremendous!” he replied. “I did not come for presents. I only wished to have a look at you and see if you were truly as great as tales say. I did not believe them.”
“Do you now?” said the dragon somewhat flattered, even though he did not believe a word of it.
“Truly songs and tales fall utterly short of the reality, O Smaug the Chiefest and Greatest of Calamities,” replied Bilbo.
-The Hobbit, Chapter 12
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Bilbo steals a cup and Smaug is not happy about it
Thieves! Fire! Murder! Such a thing had not happened since he first came to the Mountain! His rage passed description - the sort of rage that is only seen when rich folk that have more than they can enjoy suddenly lose something that they have long had but have never before used or wanted.
-The Hobbit, Chapter 12
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Bilbo confronts his fears
It was at this point that Bilbo stopped. Going on from there was the bravest thing he ever did. The tremendous things that happened afterward were as nothing compared to it. He fought the real battle in the tunnel alone, before he ever saw the vast danger that lay in wait. At any rate after a short halt go on he did; and you can picture him coming to the end of the tunnel, an opening of much the same size and shape as the door above. Through it peeps the hobbit's little head. Before him lies the great bottommost cellar or dungeon-hall of the ancient dwarves right at the Mountain's root. It is almost dark so that its vastaess can only be dimly guessed, but rising from the near side of the rocky floor there is a great glow. The glow of Smaug!
-The Hobbit, Chapter 12
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Gollum’s riddle to Bilbo - which Bilbo answers by pure luck by yelling “Time! Time!” since he wanted more time to answer it.
This thing all things devours:  Birds, beasts, trees, flowers; Gnaws iron, bites steel; Grinds hard stones to meal; Slays king, ruins town, And beats high mountain down.
-The Hobbit, Chapter 5
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Bilbo realizes, as we must do too in life, that the only way is forward.
“Go back?" he thought. "No good at all! Go sideways? Impossible! Go forward? Only thing to do! On we go!" So up he got, and trotted along with his little sword held in front of him and one hand feeling the wall, and his heart all of a patter and a pitter.
-The Hobbit, Chapter 5
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Thorin’s advice to the young dwarves
There is nothing like looking, if you want to find something. You certainly usually find something, if you look, but it is not always quite the something you were after.
-The Hobbit, Chapter 4
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Bad news is always more entertaining
Now it is a strange thing, but things that are good to have and days that are good to spend are soon told about, and not much to listen to; while things that are uncomfortable, palpitating, and even gruesome, may make a good tale, and take a deal of telling anyway.
-The Hobbit, Chapter 3
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Maester Yandel concludes his work in The World of Ice and Fire.
"As this history has shown, the world has seen many ages. Many thousands of years have passed from the Dawn Age to today. Castles have risen and fallen, as have kingdoms. Crofters have been born, grown to work the fields, and died of age or mishap or illness, leaving behind children to do the same. Princes have been born, grown to wear a crown, and died in war or bed or tourney, leaving behind reigns great, forgettable, or reviled. The world has known ice in the Long Night, and it has known fire in the Doom. From the Frozen Shore to Asshai-by-the-Shadow, this world of ice and fire has revealed a rich and glorious history—although there is much yet to be discovered. If more fragments of Maester Gyldayn’s manuscript are located—or if other such incomparable treasures (at least to the maesters’ eyes) are uncovered—more of our ignorance may be sponged away. But one thing can be said with certainty. As the next thousand years unfold—and the thousands beyond that—many more will be born, and live, and die. And history will continue to unfold, as strange and complex and compelling as what my humble pen was able to lay before you here.
No man can say with certainty what the future may hold. But perhaps, in knowing what has already transpired, we can all do our part to avoid the mistakes of our forebears, to emulate their successes, and to create a world more harmonious for our children and their children, for generations to come. In the name of the glorious King Robert, First of His Name, I humbly conclude this history of the kings of the Seven Kingdoms."
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Legolas consoles Gimli as he laments leaving the ethereal elf-land of Lothlorien
Tell me, Legolas, why did I come on this Quest? Little did I know where the chief peril lay! Truly Elrond spoke, saying that we could not foresee what we might meet upon our road. Torment in the dark was the danger that I feared, and it did not hold me back. But I would not have come, had I known the danger of light and joy. Now I have taken my worst wound in this parting, even if I were to go this night straight to the Dark Lord. Alas for Gimli son of Glóin!”
“Nay!” said Legolas. “Alas for for us all. And for all that walk the world in these after-days. For such is the way of it: to find and lose, as it seems to those whose boat is on the running stream.
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