Being a cheerful hobbit, he had not needed hope, as long as despair could be postponed. (Of Sam)
All shall love me and despair.
No, my heart will not yet despair. Gandalf fell and has returned and is with us. We may stand, if only on one leg, or at least be left still upon our knees.
It is not despair, for despair is only for those who see the end beyond all doubt. We do not.