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Luckily, Bilbo's compassion causes him to show mercy. The importance of that moment is revealed in one of Gandalf's wisest quotes when he tells Frodo that Bilbo's pity and compassion in acquiring the Ring help protect him from its corrupting power: “Pity?
After a very stern warning from Gandalf,
Bilbo realized that the wizard was right
about the Ring's negative impact on his well-being. With Gandalf's aid and advice, Bilbo managed to give up the Ring willingly. He then departed from the Shire, and Frodo came into possession of the Ring.