I have previous accounts in the past, but I only use this one account I have now. I train non-combat skills only. I was thinking that I might start a new account that used combat skills, but that would be time wasted on the one I use now...
To be honest, i'd probably keep his stuff. It's his fault for dying and it's the only way he's going to learn what to fight, how long to fight, where to fight, etc. I probably would've given something that had no value to me back to him, haha. That was a very nice deed!
I thought i'd share with everyone something i've seen today. I sign on for about 30-40 minutes in this spot. I see 3 frog events, and I get 2 of them myself. I was power mining in the mining area NEAR the crafting guild SOUTH of FALLY. I have all of the clothes, so I keep the tokens. I've never seen so many frogs in just that amount of time. Give it a shot! (I do not guaruntee it, but I did see 3 events happen and did get 2 of them myself.)