After my Budapest speech, which was treated with such scorn and contempt in the Press and by public opinion on the other side of the Channel, word was sent to me from an English source that it was said the "Czernin scheme" might settle the question. But again it was not Lloyd George who said that. Owing to the extreme distrust that Clemenceau, the English Prime Minister, and with them the great majority in France and England, had of Germany's intentions, no measure could be devised that would have given London and Paris a sufficient guarantee for a future peaceful policy. From the summer of 1917, no matter what Germany had proposed, Lloyd George would always have rejected it as inadequate. In consequence of this it was quite immaterial later to the course of the war that Germany not only did nothing whatever to allay English fears, but, on the contrary, poured oil in the fire and fanned the flames. Germany, the leading military Power in the war, never for one moment thought of agreeing to disarmament under international control. After my speech in Budapest I was received in Berlin not in an unfriendly manner, but with a sort of pity, as some poor insane person might be treated. The subject was avoided as much as possible. Erzberger alone told me of his complete agreement with me. Had Germany been victorious her militarism would have increased enormously. In the summer of 1917 I spoke to several generals of high standing on the Western front, who unanimously declared that after the war armaments must be maintained, but on a very much greater scale. They compared this war with the first Punic War. It would be continued and its continuation be prepared for; in short, the tactics of Versailles. The standard of violence must be planted, and would be the banner of the generals, the Pan-Germans, the Fatherland Party, etc. etc. They thought as little about a reconciliation of the nations after the war as did the Supreme Council of Four at Versailles, and Emperor, Government and Reichstag floundered helplessly in this torrent of violent purpose. The military spirit flourished on the Spree as it is doing now on the Seine and the Thames. Lloyd George and Unter den Linden in Berlin. The only difference between Foch and Ludendorff is that the one is a Frenchman and the other a German; as men they are as like as two peas. The Entente is victorious, and many millions are delighted and declare that the policy of Might is justified. The future only can show whether this is not a terrible mistake. The lives of hundreds of thousands of young, hopeful men who have fallen might have been saved if in 1917 peace had been made possible for us. The triumph of victory cannot call them back to life again. It appears to me that the Entente has conquered too much, too thoroughly. The madness of expiring militarism, in spite of all its orgies, has perhaps celebrated its last triumph at Versailles. Postscript.