"With regard to the question of submarine warfare the American Press are quite unanimous on one point, that a withdrawal of the assurances given by Germany after the Sussex incident, or even an intentional breach of these, is bound to bring about, as it were, automatically, a breaking-off of diplomatic relations with Germany; and it is also clear that such a rupture would only be the first step towards open war. The great majority of the leading American newspapers express at every opportunity the genuine hope that such a contingency will not arise. Only the chauvinistic, anti-German element in the Press holds that the casus ruptionis has actually arisen and devotes itself to publishing and commenting on, in the most sensational manner, the alleged crimes of the German submarines. The newspapers of this order are abundantly supplied with pertinent material, particularly news of alleged sinkings without warnings, of which they on their side—probably with the co-operation of the British authorities here—know how to increase the effect by means of exaggerated reports of out-of-date 'sacrifices to German frightfulness,' which are eagerly swallowed here. In spite of the masterly skill with which this working on public feeling against the handling of our submarine war is managed, it may be taken for granted that it does not get a hold. However deep and however genuine may be the horror with which the American people regard such incidents as the sinking of the Lusitania—a fact that must be continually emphasized—equally great is obviously their indifference towards the destruction of non-American neutral shipping, so long as the rules of cruiser warfare continue to be observed. People over here have gradually got accustomed to reading daily reports of the sinking of another half dozen British or other vessels. The daily papers print them quite as a matter of course, and only in a prominent position when the bag reaches an unusually high figure. In the editorial columns of many papers a certain malicious joy is even observable, that England, who boasts of having mastered the submarine, should now be so mercilessly and persistently bled.

"One phase of the submarine war has, indeed, thrown nearly the whole of the American Press into a state of excitement, namely, the piratic exploits of U53 off the coast of New England. The destruction wrought by this boat so close at hand, and the consequent paralysis for several days of all merchant shipping, was too much even for the moderate papers, and resulted in strong outbursts against our 'ruthlessness.' Apparently this circumstance has recently been exploited by our enemies as a new way of influencing public opinion against us. Mysterious British battleships off the Atlantic coast are supposed to send out wireless warnings against the alleged approach of German submarines, and these are published in the American Press partly under panic headlines, and arouse indignation. This shady procedure, in which the pro-English press naturally takes the lead, recently aroused Mr. Lansing to make a forceful speech against the unknown originators of these rumors. It may be particularly emphasized, speaking quite generally, that the great influence exerted by the State Department on the Washington correspondents of the leading newspapers during the last few months, during which there has been a constant threat of the submarine question coming to a head, has always been on the side of peace, with the result that in more than one case, and particularly in the cases of the sinking of the Marina and Arabia, any serious agitation on the part of the Press has been avoided. With regard to the general war situation, the conviction has for some time been gaining ground with the great majority of the leading American newspapers, that a decisive victory by either of the two belligerent groups of Powers is no longer to be expected. With the exception of a continually dwindling minority which even to-day still promise their readers the 'ultimate victory' of the Entente Powers, the verdict of the American Press on the probable result of the war is 'a draw,' 'a stalemate.' Only a few newspapers, to which belong those of the Hearst Syndicate, confess to the belief in 'a stalemate, or a victory of the Teutonic Allies.' How those newspapers which are at the service of our enemies, and which still hold to the legend of a miscarried German war of aggression, really judge the situation is only seen occasionally from incidental statements like the following confession of the New York Tribune, which preaches against a peace on the basis of the present position; this paper says that the American people should see that if the Allies were to conclude peace now the result would be a tremendous victory for Germany. Such isolated, misleading views as this do not, however, succeed in affecting in any way the general impression that by far the greater part of the leading newspapers regard the war as indecisive, especially after the fruitless conclusion of our operations before Verdun, the collapse of the great offensives on the Somme and in southern Galicia, as well as in view of the fact, confirmed on many sides, that the British blockade has not attained its end, the starvation of Germany.

"Our recent feats of arms in Rumania have hardly affected this opinion. In view of the great hopes, placed by our enemies and the newspapers in their service, on Rumania's entry into the war, these successes are recognized on all sides readily or grudgingly and without any spark of sympathy for the defeated country, and in some cases are even hailed as brilliant military achievements of the first rank. The preponderating opinion of the Press, however, passes over the fact that the conquest of Rumania, although opening up to Germany important new resources, is scarcely likely to influence to any considerable degree the situation which has resulted from the war of positions in East and West, and the still unbroken British mastery of the seas.

"The view that the war has reached a stalemate which, since President Wilson's speech at Charlotte in May of this year, had been maintained by several papers, but which has recently become general, apart from the definitely pro-Ally organs, is closely connected with the discussion of the question of peace restoration which for the American Press is in many cases synonymous with the question of intervention by the United States or all the neutral nations.

"There was a time when a very important part of the American Press seemed to stand on the level of the catch-phrase which was going the round at that time: 'Wall Street now fears nothing except the outbreak of peace.' These times, however, are long since past. The desire for a speedy end of the hostilities in Europe is to-day genuine, and shared by almost the whole Press. From the enemy camp we get the following testimony in the New York Tribune, which would like to convert its readers to less humane views: 'For millions of Americans this war is a tragedy, a crime, the offspring of collective madness,' and in its view the greatest service that America can render to the world—an allusion to the catch-phrase coined by Henry Ford for his ill-starred peace mission is—'to fetch the lads out of the trenches.' The discussion of the premises for the conclusion of peace, therefore, has for some time occupied an important place in the daily papers, and also to some extent in the reviews. Reports on the meetings of the many American peace societies are given with the greatest fulness, and anything in the overseas news connected with the question of a restoration of peace is printed in a prominent position and duly discussed in the leading articles.

"It would lead me too far to give even an approximately complete picture of this discussion with which the whole Press is occupied. But one point demands closer examination: the attitude of the leading papers to the German readiness for peace, publicly expressed by Your Excellency on three different occasions in the last few weeks.

"Your Excellency's great speech before the Budget Committee of the Reichstag unfortunately reached here at a time when the whole interest of the Press and public was directed to the at first uncertain result of the presidential election. Though generally printed, in the evening papers for the most part only in extracts, it was practically passed over in the editorial columns. An attempt to start a belated Press discussion of the speech by circulating it in the form of specially printed brochures, or at least to induce those papers which had only given extracts to publish the whole text, unfortunately failed; only the Current History, a special war magazine of the New York Times, felt itself called upon to reprint the speech in extenso in its December number. On the other hand, the passage of the speech which stated our readiness after this war to take a part in international organizations for insuring peace was widely circulated here, and attracted corresponding attention. As I, according to instructions, communicated this passage to the 'League to Enforce Peace' as the official German message for their banquet held here on the 24th inst., it was circulated throughout the country in the detailed Press reports on this association, which is greatly respected here, and commented on by many newspapers with all the more sympathy since Germany's sceptical reserve hitherto towards the question of a peaceful settlement of international differences has always worked strongly against us here.

"The interview granted by Your Excellency to the American journalist Hale has been printed particularly fully by the ten Hearst newspapers, and further by all the other subscribers to the International News Service. In the New York American on Thanksgiving Day it occupied, together with a portrait of Your Excellency, the whole front page. At special request from many quarters the paper repeated the report three days later.

"Germany's readiness to enter into peace negotiations, expressed once more by Your Excellency at this interview, as well as Your Excellency's statement in the Reichstag on the 29th inst., that Germany is ready for any peace that will guarantee her existence and future, have during the last few days been fairly thoroughly discussed in the New York papers, which particularly dwell on the words 'a peace guaranteeing our existence and future,' and agree unanimously as to the urgent desirability of a further and more exact formulation of the German peace conditions.

"The New York Times says: 'All depends on what guarantees of the existence and the future of Germany are expected.' The paper goes on to ask how Germany could imagine her future assured from a territorial point of view, but points out in conclusion that these are only external details, and concludes, returning to its favorite theme, as follows: 'Deeper than all, fundamental in any discussion of peace, is the question of the German political ideals, of German Machtpolitik and Weltpolitik, of Prussian militarism.' ... 'The fear, the practical certainty, that Von Bethmann-Hollweg's guarantees would be not merely guarantees of the existence and future of Germany, but of new and not distant wars with her, stands in the way of any serious discussion of his remarks.'