The Lord of the Rings
had been then, and his beard and eyebrows were perhaps longer, and his face more lined with care and wisdom; but his eyes were as bright as ever, and he smoked and blew smoke-rings with the same vigour and delight.
    He was smoking now in silence, for Frodo was sitting still, deep in thought. Even in the light of morning he felt the dark shadow of the tidings that Gandalf had brought. At last he broke the silence.
    ‘Last night you began to tell me strange things about my ring, Gandalf,’ he said. ‘And then you stopped, because you said that such matters were best left until daylight. Don’t you think you had better finish now? You say the ring is dangerous, far more dangerous than I guess. In what way?’
    ‘In many ways,’ answered the wizard. It is far more powerful than I ever dared to think at first, so powerful that in the end it would utterly overcome anyone of mortal race who possessed it. It would possess him.
    ‘In Eregion long ago many Elven-rings were made, magic rings as you call them, and they were, of course, of various kinds: some more potent and some less. The lesser rings were only essays in the craft before it was full-grown, and to the Elven-smiths they were but trifles—yet still to my mind dangerous for mortals. But the Great Rings, the Rings of Power, they were perilous.
    ‘A mortal, Frodo, who keeps one of the Great Rings, does not die, but he does not grow or obtain more life, he merely continues, until at last every minute is a weariness. And if he often uses the Ring to make himself invisible, he fades: he becomes in the end invisible permanently, and walks in the twilight under the eye of the dark power that rules the Rings. Yes, sooner or later—later, if he is strong or well-meaning to begin with, but neither strength nor good purpose will last—sooner or later the dark power will devour him.’
    ‘How terrifying!’ said Frodo. There was another long silence. The sound of Sam Gamgee cutting the lawn came in from the garden.
    ‘How long have you known this?’ asked Frodo at length. ‘And how much did Bilbo know?’
    ‘Bilbo knew no more than he told you, I am sure,’ said Gandalf. ‘He would certainly never have passed on to you anything that he thought would be a danger, even though I promised to look after you. He thought the ring was very beautiful, and very useful at need; and if anything was wrong or queer, it was himself. He said that it was “growing on his mind”, and he was always worrying about it; but he did not suspect that the ring itself was to blame. Though he had found out that the thing needed looking after; it did not seem always of the same size or weight; it shrank or expanded in an odd way, and might suddenly slip off a finger where it had been tight.’
    ‘Yes, he warned me of that in his last letter,’ said Frodo, ‘so I have always kept it on its chain.’
    ‘Very wise,’ said Gandalf. ‘But as for his long life, Bilbo never connected it with the ring at all. He took all the credit for that to himself, and he was very proud of it. Though he was getting restless and uneasy. Thin and stretched he said. A sign that the ring was getting control.’
    ‘How long have you known all this?’ asked Frodo again.
    ‘Known?’ said Gandalf. ‘I have known much that only the Wise know, Frodo. But if you mean “known about this ring”, well, I still do not know, one might say. There is a last test to make. But I no longer doubt my guess.
    ‘When did I first begin to guess?’ he mused, searching back in memory. ‘Let me see—it was in the year that the White Council drove the dark power from Mirkwood, just before the Battle of Five Armies, that Bilbo found his ring. A shadow fell on my heart then, though I did not know yet what I feared. I wondered often how Gollum came by a Great Ring, as plainly it was—that at least was clear from the first. Then I heard Bilbo’s strange story of how he had “won” it, and I could not believe it. When I at last

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