The Hobbit

What motivates Bilbo to give the Arkenstone to Bard and the Elvenking? use text evidence.

chapter 16

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Bilbo wishes the elves and dwarves to make peace..... the Arkenstone is something to barter with.

"This is the Arkenstone of Thrain," said Bilbo, "the Heart of the Mountain; and it is also the heart of Thorin. He values it above a river of gold. I give it to you. It will aid you in your bargaining." Then Bilbo, not without a shudder, not without a glance of longing, handed the marvellous stone to Bard, and he held it in his hand, as though dazed.

Source(s)

The Hobbit