 However, at the Lonely Mountain, Bard discovers that Thorin Oakenshield, King under the Mountain, is very much alive, along with all his companions.Their response to Bard's claim is to barricade themselves inside the mountain, refusing to surrender any of the treasure under threat of war.To break the stalemate, Bilbo Baggins slips out of the mountain at night and offers the Arkenstone to Bard in order to put pressure on Thorin to make peace with the Elves and Men.