Notwithstanding the superhuman exertions of our troops, the situation throughout the country demands that a stop be put to the war before winter, in Germany as well as here.

Turkey will not be with us much longer, and with her we shall also lose Bulgaria; we two will then be alone, and next spring will bring America and a still stronger Entente.

From other sources there are distinct signs that we could win over France if Germany could make up her mind to certain territorial sacrifices in Alsace-Lorraine.

With France secured to us we are the conquerors, and Germany will obtain elsewhere ample compensation.

But I cannot allow Germany to be the only one to make a sacrifice.