Franklin says cheerfully, "It would be fun to come back and kick the balrog's butt, someday in the future when we have stronger magic. For now I agree with Naillus, we should finish exploring the level."
Franklin is merciful and trusting by nature. He votes yes to offering the wizard his freedom and makes no claim to the gold. As Maloof said, if Kalen joins us he must subsume his interests to ours. Franklin states for the record: he doesn't feel ready yet to face the balrog, and if that day ever com...
Franklin is also keeping an eye on the redshirts, Peleus and Telemon. He figures if they were going to betray the party, now would be the moment (as the thousands of gold pieces are revealed).
Balbo and Drogo target the birdmen with their slings. Franklin draws his sword and shield. If any of the birdmen survive the missile volley and close to melee distance, he will step forward to meet their charge (protecting his friends).