Did Saruman Believe He Could Master The One Ring?

[Mithadan]

I was actually going to bring up the very point that Sir Underhill did, poking a little hole in my own argument for the sake of debate. The room for interpretation is one of the things that make Tolkien's work so compelling. Underhill is quite right. We don't know which group of Orcs had orders to seize Hobbits and run. Presumably, Saruman and Sauron both knew the Ring entered Lorien. Both groups of Orcs were lying in wait. The Mordor Orcs on the east side of Anduin (remember them shooting arrows at the Fellowship as they passed?) and the Moria and Saruman Orcs on the west bank. Sauron's orders may have been "kill them all and bring the bodies home", we don't know.

This is a matter of readers' impressions. My impression was pretty much always been that Sauron thought Saruman had the Ring. Others' impressions differ. Absent an express statement on the issue, we can't know. If Tolkien had used a capital "I" in "it" we might know for certain. This isn't determinative. He might have missed or simply not used a capital "I" or an over-zealous editor might have changed it. Has anyone peeked at HoME on this issue? I don't have those volumes with me and really don't have the time to research.