The powers the ring had were never mentioned. Falmar is right in saying that it was mentioned by Gandalf at the council. Merely mentioned, nothing more unfortunately.
I too have been curious as to the answer of this question. Obviously however the ring did not have much power, or Saruman would have been able to stop the Ents attack.
[ December 13, 2002: Message edited by: -Imrahil- ]
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My body is broken. I go to my fathers. And even in their mighty company I shall not now be ashamed. I felled the black serpent. A grim morn, and a glad day, and a golden sunset!
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