From the material point of view such a proposal is unacceptable, for France, without further territory in Europe being taken from her, could be so crushed as to lose her position as a Great Power and become subordinate to German policy.

Altogether apart from that, it would be a disgrace for us to make this bargain with Germany at the expense of France, a disgrace from which the good name of this country would never recover.

The Chancellor also in effect asks us to bargain away whatever obligation or interest we have as regards the neutrality of Belgium. We could not entertain that bargain either.

Having said so much, it is unnecessary to examine whether the prospect of a future general neutrality agreement between England and Germany offered positive advantages sufficient to compensate us for tying our hands now. We must reserve our full freedom to act as circumstances may seem to us to require in any such unfavourable and regrettable development of the present crisis as the Chancellor contemplates.

You should speak to the Chancellor in the above sense, and add most earnestly that the one way of maintaining the good relations between England and Germany is that they should continue to work together to preserve the peace of Europe; if we succeed in this object, the mutual relations of Germany and England will, I believe, be ipso facto improved and strengthened. For that object His Majesty’s Government will work in that way with all sincerity and goodwill.

And now the British Government in turn made a bid, an honourable bid, for peace.

And I will say this (Sir Edward Grey wrote): If the peace of Europe can be preserved, and the present crisis safely passed, my own endeavour will be to promote some arrangement to which Germany could be a party, by which she could be assured that no aggressive or hostile policy would be pursued against her or her allies by France, Russia, and ourselves, jointly or separately. I have desired this, and worked for it, so far as I could, through the last Balkan crisis, and Germany having a corresponding object, our relations sensibly improved. The idea has hitherto been too Utopian to form the subject of definite proposals, but if this present crisis, so much more acute than any that Europe has gone through for generations, be safely passed, I am hopeful that the relief and reaction which will follow may make possible some more definite rapprochement between the Powers than has been possible hitherto.

Both Austria-Hungary and Germany were thus offered every inducement which the Governments of Great Britain, France, and Russia could give, including stable guarantees that nothing would be undertaken against them diplomatically or otherwise, and that they could live and thrive not only in peace, but in an atmosphere from which all fear of war was eliminated. More than this they could not have hoped for, unless they were bent upon aggression. But then they were bent upon aggression from the outset, and their sole concern was to execute it with as much advantage and as little risk to themselves as the unusually favourable conjuncture seemed to promise. That was the mainspring of their diplomacy during the crisis.

As soon as Kriegsgefahr[33] was proclaimed in Germany,[34] and general mobilization ordered in Russia,[35] Sir Edward Grey at once drew up a question in identical terms which he had put to the French and the German Governments as to whether, in case of war, they were minded to abide by the restrictions on their future military operations which respect for the neutrality of Belgium entailed. To the Brussels Cabinet the query was whether Belgium was prepared to maintain her neutrality to the utmost of her power. These three simultaneous inquiries opened the fateful issue on which so much depended. The French Minister of Foreign Affairs unhesitatingly replied that the Government of the Republic were resolved to respect the neutrality of Belgium unless it were violated by some other Power. From Germany the British Ambassador could obtain no answer. He telegraphed:

I have seen Secretary of State, who informs me that he must consult the Emperor and the Chancellor before he could possibly answer. I gathered from what he said that he thought any reply they might give could not but disclose a certain amount of their plan of campaign in the event of war ensuing, and he was, therefore, very doubtful whether they would return any answer at all. His Excellency, nevertheless, took note of your request.