First of all, it could not release us from the terms of the Pact of London, and yet it spoiled the atmosphere for negotiating a general peace.

At the time when these events were being enacted, I presumed, but only knew for certain later, that Italy, in any case, would claim the promises made to her.
In the spring of 1917 Ribot and Lloyd George conferred with Orlando on the subject, when at St.Jean de Maurienne, and endeavoured to modify the terms in case of our separating from Germany.

Orlando refused, and insisted on his view that, even in the event of a separate peace, we should still have to yield up Trieste and the Tyrol as far as the Brenner Pass to Italy, and thus have to pay an impossible price.

And secondly, these separatist tactics would break up our forces, and had already begun to do so.
When a person starts running away in a fight he but too easily drags others with him.

I do not doubt that the Bulgarian negotiations, opened with the purpose of taking soundings, were connected with the foregoing events.
The effect of this well-meant but secret and dilettante policy was that we suggested to the Entente a willingness to separate from our Allies, and lost our position in the struggle for a separate peace.
For we saw that in separating from Germany we could not escape being crippled; that, therefore, a separate peace was impossible, and that we had dealt a death-blow at the still intact Quadruple Alliance.
Later I had information from England relating to the official view of the situation there, which differed very much from the optimistic confidential reports, and proved that the desire for peace was not so strong.