"He omitted to mention what Mr. Asquith made public in his speech at Cardiff,[3] that Germany required as the price of an understanding an unconditional pledge of England's neutrality. The British Government were ready to bind themselves not to be parties to any aggression against Germany. They were not prepared to pledge their neutrality in case of aggression by Germany.
"An Anglo-German understanding on the latter terms would not have meant an absolute guarantee for the peace of Europe, but it would have meant an absolutely free hand for Germany, so far as England was concerned, for Germany to break the peace of Europe.
"The Chancellor says that in his conversation with the British Ambassador in August last he 'may have been a bit excited at seeing the hopes and work of the whole period of his Chancellorship going for nought.'
"Considering that at the date of the conversation, Aug. 4, Germany had already made war on France, the natural conclusion is that the shipwreck of the Chancellor's hopes consisted not in a European war, but in the fact that England had not agreed to stand out of it.
"The sincerity of the German Chancellor's professions to the American correspondent may be brought to a very simple test, the application of which is more apposite because it serves to recall one of the leading facts which produced the present war.
"Herr von Bethmann-Hollweg refused the proposal which England put forward and in which France, Italy, and Russia concurred, for a conference at which the dispute would have been settled on fair and honorable terms without war. If he really wished to work with England for peace why did he not accept that proposal? He must have known after the Balkan conference in London that England could be trusted to play fair. Herr von Jagow had given testimony in the Reichstag to England's good faith in those negotiations.
"The proposal for the second conference between the powers was made by Sir Edward Grey with the same straightforward desire for peace as in 1912 and 1913. The German Chancellor rejected this means of averting the war. He who does not will the means must not complain if the conclusion is drawn that he did not will the end.
"The second part of the interview with an American newspaper correspondent consists of a discourse upon the ethics of the war. The things which Germany has done in Belgium and France have been placed on record by those who have suffered from them and who know them at first hand. After this it does not lie with the German Chancellor to read to the other belligerents a lecture upon the conduct of the war."