Interesting article- though I would say the sheer commonness of the names is a point against the theory. Also, might Tolkien have used "rabbit" in preference to "coney" in "The Hobbit" simply because the latter word is archaic enough to be potentially confusing for children?
Good catch on "Huggessen". And I agree that the treatment of troll section of "The Hobbit" seems to have much in common with English fairytales about ogres and giants - even though the trolls do show their traditional weakness of turning to stone in sunlight. (It should be remembered, however that supernatural beings in folklore are generally much less defined and codified than in literature and modern popular culture).
"Ogres" as such, though mentioned as figures in Hobbit folklore, seem not to actually exist in Middle-earth- perhaps they were too much of a fairytale element?
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"Even Nerwen wasn't evil in the beginning." –Elmo.
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