y. The decision of
the peace terms to be imposed on the enemy was to be taken in a city
which a few months before, one might really say a few weeks before,
had been under the fire of the long-range guns invented by the
Germans, in hourly dread of enemy aeroplanes. Even now it is
inexplicable that President Wilson did not realize the situation
which must inevitably come about. It is possible that the delirium of
enthusiasm with which he was received at Paris may have given him the
idea that it was in him alone that the people trusted, may have made
him take the welcome given to the representative of the deciding
factor of the War as the welcome to the principles which he had
proclaimed to the world. Months later, when he left France amid
general indifference if not distrust, President Wilson must have
realized that he had lost, not popularity, but prestige, the one sure
element of success for the head of a Government, much more so for the
head of a State. It was inevitable that a Peace Conference held
in Paris, only a few months after the War, with the direction and
preparation of the work almost entirely in French hands and with
Clemenceau at the head of everything, should conclude as it did
conclude; all the more so when Italy held apart right from the
beginning, and England, though convinced of the mistakes being made,
could not act freely and effectively.

The first duty of the Peace Conference was to restore a state of
equilibrium and re-establish conditions of life. Taking Europe as an
economic unity, broken by the War, it was necessary first of all and
in the interests of all to re-establish conditions of life which would
make it possible for the crisis to be overcome with the least possible
damage.

I do not propose to tell the story of the Conference, and it is as
well to say at once that I do not intend to make use of any document
placed in my hands for official purposes. But the story of the Paris
Conference can now be told with practical completeness after what
has been published by J.M. Keynes in his noble book on the Economic
Consequences of the War and by the American Secretary of State, Robert
Lansing, and after the statements made in the British and French
Parliaments by Lloyd George and Clemenceau. But from the political
point of view the most interesting document is still Andre Tardieu's
book _La Paix_, to which Clemenceau wrote a preface and which
expresses, from the point of view of the French Del