In any case, then, my days are numbered. Heaven be thanked, relief is not far off. If only I could now settle things with Russia quickly, and thus perhaps secure the possibility of a peace all round. All reports from Russia seem to point to the fact that the Government there is determined on peace, and peace as speedily as possible. But the Germans are now full of confidence. If they can throw their massed forces against the West, they have no doubt of being able to break through, take Paris and Calais, and directly threaten England. Such a success, however, could only lead to peace if Germany could be persuaded to renounce all plans of conquest. I at any rate cannot believe that the Entente, after losing Paris and Calais, would refuse to treat for peace as inter pares—it would at least be necessary to make every endeavour in that direction. Up to now Hindenburg has done all that he promised, so much we must admit, and the whole of Germany believes in his forthcoming success in the West—always taking for granted, of course, the freeing of the Eastern front; that is to say, peace with Russia. The Russian peace, then, may prove the first step on the way to the peace of the world.

I have during the last few days received reliable information about the Bolsheviks. Their leaders are almost all of them Jews, with altogether fantastic ideas, and I do not envy the country that is governed by them. From our point of view, however, the most interesting thing about them is that they are anxious to make peace, and in this respect they do not seem likely to change, for they cannot carry on the war.

In the Ministry here, three groups are represented: one declines to take Lenin seriously, regarding him as an ephemeral personage, the second does not take this view at all, but is nevertheless unwilling to treat with a revolutionary of this sort, and the third consists, as far as I am aware, of myself alone, and I will treat with him, despite the possibly ephemeral character of his position and the certainty of revolution. The briefer Lenin's period of power the more need to act speedily, for no subsequent Russian Government will recommence the war—and I cannot take a Russian Metternich as my partner when there is none to be had.

The Germans are hesitating—they do not altogether like the idea of having any dealings with Lenin, possibly also from the reasons already mentioned; they are inconsistent in this, as is often the case. The German military party—which, as everyone knows, holds the reins of policy in Germany entirely—have, as far as I can see, done all they could to overthrow Kerenski and set up "something else" in his place. Now, the something else is there, and is ready to make peace; obviously, then, one must act, even though the party concerned is not such as one would have chosen for oneself.

It is impossible to get any exact information about these Bolsheviks; that is to say, there is plenty of information available, but it is contradictory. The way they begin is this: everything in the least reminiscent of work, wealth, and culture must be destroyed, and the bourgeoisie exterminated. Freedom and equality seem no longer to have any place on their programme; only a bestial suppression of all but the proletariat itself. The Russian bourgeois class, too, seems almost as stupid and cowardly as our own, and its members let themselves be slaughtered like sheep.

True, this Russian Bolshevism is a peril to Europe, and if we had the power, besides securing a tolerable peace for ourselves, to force other countries into a state of law and order, then it would be better to have nothing to do with such people as these, but to march on Petersburg and arrange matters there. But we have not the power; peace at the earliest possible moment is necessary for our own salvation, and we cannot obtain peace unless the Germans get to Paris—and they cannot get to Paris unless their Eastern front is freed. That is the circle complete. All this the German military leaders themselves maintain, and it is altogether illogical of them now apparently to object to Lenin on personal grounds.

I was unable to finish this letter yesterday, and now add this to-day. Yesterday another attempt was made, from a quarter which you will guess, to point out to me the advantage of a separate peace. I spoke to the Emperor about it, and told him that this would simply be shooting oneself for fear of death; that I could not take such a step myself, but would be willing to resign under some pretext or other, when he would certainly find men ready to make the attempt. The conference of London has determined on a division of the Monarchy, and no separate peace on our part would avail to alter that. The Roumanians, Serbians and Italians are to receive enormous compensation, we are to lose Trieste, and the remainder is to be broken up into separate states—Czechish, Polish, Hungarian and German. There will be very slight contact between these new states; in other words, a separate peace would mean that the Monarchy, having first been mutilated, would then be hacked to pieces. But until we arrive at this result, we must fight on, and that, moreover, against Germany, which will, of course, make peace with Russia at once and occupy the Monarchy. The German generals will not be so foolish as to wait until the Entente has invaded Germany through Austria, but will take care to make Austria itself the theatre of war. So that instead of bringing the war to an end, we should be merely changing one opponent for another and delivering up provinces hitherto spared—such as Bohemia and Tyrol—to the fury of battle, only to be wrecked completely in the end.

On the other hand, we might perhaps, in a few months' time, secure peace all round, with Germany as well—a tolerable peace of mutual understanding—always provided the German offensive turns out successful. The Emperor was more silent then. Among his entourage, one pulls this way, another that—and we gain nothing in that manner among the Entente, while we are constantly losing the confidence of Berlin. If a man wishes to go over to the enemy, then let him do it—le remède sera pire que le mal—but to be for ever dallying with the idea of treachery and adopting the pose without carrying it out in reality—this I cannot regard as prudent policy.

I believe we could arrive at a tolerable peace of understanding; we should lose something to Italy, and should, of course, gain nothing in exchange. Furthermore, we should have to alter the entire structure of the Monarchy—after the fashion of the fédération Danubienne proposed in France—and I am certainly rather at a loss to see how this can be done in face of the Germans and Hungarians. But I hope we may survive the war, and I hope also that they will ultimately revise the conditions of the London conference. Let but old Hindenburg once make his entry into Paris, and then the Entente must utter the decisive word that they are willing to treat. But when that moment comes, I am firmly determined to do the utmost possible, to appeal publicly to the peoples of the Central Powers and ask them if they prefer to fight on for conquest or if they will have peace.

To settle with Russia as speedily as possible, then break through the determination of the Entente to exterminate us, and then to make peace—even at a loss—that is my plan and the hope for which I live. Naturally, after the capture of Paris, all "leading" men—with the exception of the Emperor Karl—will demand a "good" peace, and that we shall never get in any case. The odium of having "spoiled the peace" I will take upon myself.