If the President had risked everything in standing for the immediate and complete realization of the Chinese demands, and had broken up the Conference upon that issue, it would not have put Japan either politically or economically out of China. Neither our people nor the British would go to war with Japan solely to keep her out of Shantung. The only hope of China in the future—and Wilson looks not only to the removal of the sphere of influence which Japan controls but to the removal of all other spheres of foreign influence in China—is through a firm world organization, a league of nations in which these problems can be brought up for peaceful settlement…. "The settlement, of course, was a compromise: a balance of considerations. It was the problem of the President, all through the Conference, when to 'accommodate' and when to use decided policies. 'The wisdom of the statesman,' said Cavour (quoted by Thayer in his admirable 'Life'), 'consists in discerning when the time has come for the one or the other.'" "The Shantung decision is about as good a settlement as could be had out of a dirty past." Even I felt bitterly critical of what seemed to me to be the President's surrender to Japan in the matter of Shantung. But when he returned and told me the whole story and explained the complicated and delicate world situation which confronted him, I agreed with him that he had obtained out of a bad mess the best possible settlement. In addition to the various cabled messages which passed between the President and myself, which will be found in Appendix "C," was the following:   Received at The White House, Washington,   April 30, 1919.   Paris   TUMULTY, White House,     Washington. The Japanese-Chinese matter has been settled in a way which seems to me as satisfactory as could be got out of the tangle of treaties in which China herself was involved, and it is important that the exact facts should be known. I therefore send you the following for public use at such time as the matter may come under public discussion. In the Treaty all the rights at Kiao-Chau and in Shantung Province belonging to Germany are to be transferred without opposition to Japan, but Japan voluntarily engages, in answer to the questions put in Conference, that it will be her immediate policy to Quote hand back the surveyed peninsula in full sovereignty to China, retaining only the economic privileges granted to Germany and the right to establish a settlement under the usual conditions at Tsingtau. Owners of the railway will use special police only to insure security for traffic. They will be used for no other purpose. The police force will be composed of Chinese and such Japanese instructors as the directors of the railway may select will be appointed by the Chinese government End quote.