“_After having sanctioned the signature of the Treaty_ (underlined by Bismarck in pencil) his Majesty the Emperor William can _communicate the entire contents_ (underlined in pencil by Bismarck) of the Memorandum agreed upon and signed by us, which, of course, implies an agreement, adding on his own part the explanation that this agreement at the same time involves a tacit understanding by both Governments that an attack upon either Empire will be regarded as directed against both, and will also be construed by his Majesty in that sense. His Majesty, satisfied with the statement made by Saburoff, respecting Russia’s love of peace, makes this communication as a proof of his loyalty and frankness. His Majesty may, perhaps, add that this understanding is of an entirely defensive character, and that there is nothing to prevent Russia from removing any antagonistic tendency by herself adhering to the principles laid down in the Memorandum. (Pencil-marked in the margin by Bismarck.) By this means the object of the Emperor William would be fully attained, namely, to communicate the significance of our understanding, while, on the other hand, no mention would be made of the existence of a more precise agreement, and, therefore, the necessity of communicating it would be avoided. “Such a communication of the text would have among other things the disadvantage, first, that the adhesion of Russia to this text is inconceivable; secondly, that the passage in it referring to France and Italy would become known there almost immediately, and would, at the present time, give rise to quite unnecessary combinations; and, thirdly, that the affair might transpire in Parliament, and lead to undesirable discussions. These considerations commend my proposal. Should you not be able to secure its acceptance in the competent quarter, I could agree to any other method, including the suggestion made by Stolberg, my most gracious master having before his departure declared that he would not make a _conditio sine quâ non_ of preserving secrecy as to the Treaty _after signature_. “There is, on the other hand, one point which I would regard as entirely out of the question, namely, any communication of the existence and contents of the Treaty before the sanction of his Majesty, the Emperor William, is actually given or is assured. (Bismarck added in pencil: ‘Quite right.’) Without desiring to forestall the decision upon this point of my most gracious master, I should prefer to _renounce altogether the conclusion of an agreement_, and in any case I should be obliged to forego for my own part any further share in the negotiations upon such basis. Pray excuse, dear Prince, the somewhat abrupt tone of this statement, but as the matter appeared to me to be pressing, I desired to let Prince Reuss have the letter to-day. Begging you to present my respects to the Princess, I remain, with unalterable and cordial respect,