The Hobbit we’ve all read was revised to match up with the later-written Lord of the Rings. The original was different in many respects, the bit I know about is the riddle-game is different, and Gollum offers “a present” rather than to show the way out.
Where can I read the original 1934 text of The Hobbit? (Other than spending $20,000 or so on a 1st printing copy.)
The first edition was published in 1937 (not 1934), the second in 1951, and the third in 1966. The later editions differed in a few ways from the first one, but it wasn’t really that big a change. Mostly it was about the meeting of Bilbo and Gollum. You can find a complete comparison of the differences between the editions in The Annotated Hobbit, which is annotated by Douglas A. Anderson. It’s in print. Here’s a table of the differences between the Bilbo/Gollum scene:
The History of the Hobbit allegedly contains the original manuscript. I am sure the manuscript differs a bit from the first edition, but if you want the earliest form Tolkien was happy with…
I have not gotten around to reading “History of the Hobbit” (local libraries don’t have it) - but with the recommendations here, I think I may have to find a copy.