eterred by fear of her resentment, all her colonies, all her
ships of war, a great part of her commercial fleet (as reparations),
the foreign markets which she controlled.

That is the worst blow that could be inflicted on her, and it is
suggested that she can be pacified by some improvements in territorial
conditions. That is a pure illusion. The remedy is not big enough for
the thing it is to cure.

If there is any desire, for general reasons, to give Germany some
satisfaction, it must not be sought in Europe. Such help will be vain
as long as Germany has lost her world policy.

To pacify her (if there is any interest in so doing) she must have
satisfaction given her in colonies, in ships, in commercial expansion.
The Note of March 26 thinks of nothing but satisfaction in European
territory.

III

Mr. Lloyd George fears that unduly severe territorial conditions
imposed on Germany will play into the hands of Bolshevism. Is there
not cause for fear, on the other hand, that the method he suggests
will have that very result?

The Conference has decided to call into being a certain number of new
States. Is it possible without being unjust to them to impose on them
inacceptable frontiers towards Germany? If these people--Poland and
Bohemia above all--have resisted Bolshevism up to now it is through
national sentiment. If this sentiment is violated Bolshevism will find
an easy prey in them, and the only existing barrier between Russian
and German Bolshevism will be broken.

The result will be either a Confederation of Eastern and Central
Europe under the direction of a Bolshevik Germany or the enslavery of
those countries to a Germany become reactionary again, thanks to the
general anarchy. In either case the Allies will have lost the War.

The policy of the French Government, on the other hand, is to give
the fullest aid to those young peoples with the support of everything
liberal in Europe, and not to try to introduce at their expense
abatements--which in any case would be useless--of the colonial, naval
and commercial disaster which the peace imposes on Germany.

If it is necessary, in giving these young peoples frontiers without
which they cannot live, to transfer under their sovereignty some
Germans, sons of the men who enslaved them, we may regret the
necessity, and we should do it with moderation, but it cannot be
avoided.

Further, when all the German colonies are taken from her entirely and
definitely