The Hobbit

*Chapter 17-19* Bilbo thanks Thorin on his deathbed for having "...shared in your perils-that has been more than any Baggins deserves". What does Bilbo mean by these words?

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Bilbo knows the Baggins history of thievery and a penchant for laziness. Bilbo is honored to have share an adventure whish such an honorable soul as Thorin,  

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!'"