departure from the determination to maintain peace between the three empires, but the only possible way at the present moment of removing the sword of Damocles which constantly hangs over our relations, and of securing peace for the benefit of both States, and, indeed, for the welfare of the _third_. As a matter of course, my Emperor is always glad to see you here, and will be particularly glad to do so on the present occasion. In the meantime, I am authorised as soon as you are in a position to inform me that you have obtained the approval in principle of the Emperor William to receive your draft text and to prepare one myself. I am to remain in office until this matter is completed, my successor only taking over the conduct of affairs after the understanding has been concluded. Besides, I have initiated him into the question, and he is in perfect agreement. “Thus far as to what concerns his Majesty. The following is personal and quite confidential. I have not ceased to think over the matter for myself from all points of view, and my conviction has thereby been strengthened. If immediately after a war for which no one in Russia will to-day accept the responsibility and which has weakened the Empire both from a financial and military standpoint, and at a time when the Nihilist movement is momentarily suppressed and there is nothing to force the Government to seek a diversion abroad, Germany is to be threatened with France, and ourselves with an increase of the army, and that in connection with such questions as Merkovitch and the post offices of Eastern Rumelia, what is to be expected when the wounds of war are healed, when internal difficulties again make themselves felt, and when a foreign diversion may seem the only means of escape?