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That was the agreement when they hired Bilbo to go with them as a burglar. Bilbo carried the letter with him throughout the journey: Terms: cash on delivery, up to and not exceeding one fourteenth of total profits (if any); all traveling expenses guaranteed in any event; funeral expenses to be defrayed by us or our representatives, if occasion arises and the matter is not otherwise arranged for.

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Q: Why does Thorin give Bilbo one fourteenth of his treasure?
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How does Bilbo defend himself from Thorin's accusation that he stole the Arkenstone?

Well, as he justifies it to himself, he was entitled to a one fourteenth share of the treasure and which fourteenth was not specified. Though he was pretty sure that the Arkenstone would not be a part that he would get.


Why does Thorin give Bilbo a coat of Mithril?

Because during the unexpected party, Thorin promised Bilbo 1/14th payment of the treasure in return for Bilbo's services as a 'thief'. Though Bilbo did not do much in the way of being a thief, he did save the dwarves from Thranduil, as well as help them gain entrance into the mountain. They also wanted him on the journey because it would have been unlucky to take on their journey with 13 members. At the end of their adventures, Bilbo had obviously earned his 1/14th share, so Thorin fulfilled his promise and sent Bilbo home with a chest of treasure (though it is hinted later on in LotR that Bilbo ended up receiving more).


Why does Bilbo give up the arkenstone in chapter 16 of the hobbit?

Bilbo never intended to keep the Arkenstone. He only took it because he saw the feverish greed that overtook the Dwarves when the saw their long lost treasure. Knowing how badly Thorin coveted the Arkenstone, Bilbo kept it and later used it to bargain for his share of the treasure (which he intended to share with Bard and Thranduil). What it revealed was that deep at heart, Bilbo was a good person and only wanted to do what was right. It was why Gandalf was drawn to him in the first place.


What was the ultimatum issued by bard in the hobbit?

Bard told Thorin that Thorin must give Bard a portion of the treasure to rebuild Esgaroth, or he would be considered the foe of the lake-town.


Why did Bilbo take the Arkenstone in The Hobbit?

He is hoping that the desire for the Arkenstone would force Thorin to negotiate with the Men and Elves instead of fighting with them.Bilbo believes that if the men and elves have the Arkenstone, which Thorin values even more than gold, they may be able to convince the dwarves to bargain with them. If an agreement can be reached, it will spare a good deal of bloodshed.Also, Bilbo is getting quite tired of being trapped in the mountain, and wants to be somewhere with green grass underfoot and better meals.

Related questions

How does Bilbo defend himself from Thorin's accusation that he stole the Arkenstone?

Well, as he justifies it to himself, he was entitled to a one fourteenth share of the treasure and which fourteenth was not specified. Though he was pretty sure that the Arkenstone would not be a part that he would get.


How does Thorin deal with bard and the elvenking in the hobbit?

Bard keeps the arkenstone and will give it back to Thorin later if he can receive part of the share


Why does Thorin give Bilbo a coat of Mithril?

Because during the unexpected party, Thorin promised Bilbo 1/14th payment of the treasure in return for Bilbo's services as a 'thief'. Though Bilbo did not do much in the way of being a thief, he did save the dwarves from Thranduil, as well as help them gain entrance into the mountain. They also wanted him on the journey because it would have been unlucky to take on their journey with 13 members. At the end of their adventures, Bilbo had obviously earned his 1/14th share, so Thorin fulfilled his promise and sent Bilbo home with a chest of treasure (though it is hinted later on in LotR that Bilbo ended up receiving more).


In the Hobbit by J.R.R Tolkien what did Bilbo secretly give to Bard to help him with his talks to Thorin?

Bilbo snuck out of the Dwarves camp and delivered the Arkenstone to Bard.


Why does Bilbo give up the arkenstone in chapter 16 of the hobbit?

Bilbo never intended to keep the Arkenstone. He only took it because he saw the feverish greed that overtook the Dwarves when the saw their long lost treasure. Knowing how badly Thorin coveted the Arkenstone, Bilbo kept it and later used it to bargain for his share of the treasure (which he intended to share with Bard and Thranduil). What it revealed was that deep at heart, Bilbo was a good person and only wanted to do what was right. It was why Gandalf was drawn to him in the first place.


What was the ultimatum issued by bard in the hobbit?

Bard told Thorin that Thorin must give Bard a portion of the treasure to rebuild Esgaroth, or he would be considered the foe of the lake-town.


Why did Bilbo take the Arkenstone in The Hobbit?

He is hoping that the desire for the Arkenstone would force Thorin to negotiate with the Men and Elves instead of fighting with them.Bilbo believes that if the men and elves have the Arkenstone, which Thorin values even more than gold, they may be able to convince the dwarves to bargain with them. If an agreement can be reached, it will spare a good deal of bloodshed.Also, Bilbo is getting quite tired of being trapped in the mountain, and wants to be somewhere with green grass underfoot and better meals.


What is the significance of the note left by Thorin and company to Bilbo and the adventure?

It clearly shows that they are serious about the adventure and that it would be dangerous. They agreed to give Bilbo one 14th of the haul and to cover any funeral expenses if needed.


In 'The Hobbit' what gifts does Dain give?

Treasure from Lonely Mountain (gold and silver for Bilbo).


What does Gandalf give to Thorin?

At the unexpected party, Gandalf gives Thorin a map of the Lonely Mountain, which has information about a secret door and the key to the secret door.


What treasure does Tom Bombadil give the hobbits?

The biggest treasure was the accumulated wealth of Smaug. The Arkenstone that was a part of it was greatly desired by the dwarfs. There was also some treasure from the trolls, and Bilbo found the One Ring.


What does Bard do after the dragon is defeated?

Goes to the Lonely mountain to collect his share of the treasure for the Town but then Thorin doesn't want to give any of the treasure up ans thus is the beginning of the armies of the five war- for more detail look into chapters 16-19