e notable
concessions he has already made are: The abandonment of his plan to
nationalize the land and the adoption of the policy of dividing it
among the peasants, the establishment of savings banks paying 3 per
cent interest, the decision to pay all foreign debts, and the decision
to give concessions if that shall prove to be necessary to obtain
credit abroad. (Appendix, p. 64.)

In a word, Lenin feels compelled to retreat from his theoretical
position all along the line. He is ready to meet the western
Governments half way.

PEACE PROPOSALS

Lenin seized upon the opportunity presented by my trip of
investigation to make a definite statement of the position of the
Soviet Government. He was opposed by Trotski and the generals, but
without much difficulty got the support of the majority of the
executive council, and the statement of the position of the Soviet
Government which was handed to me was finally adopted unanimously.

My discussion of this proposal with the leaders of the Soviet
Government was so detailed that I feel sure of my ground in saying
that it does not represent the minimum terms of the Soviet Government,
and that I can point out in detail wherein it may be modified without
making it unacceptable to the Soviet Government. For example, the
clause under article 5--"and to their own nationals who have been or
may be prosecuted for giving help to Soviet Russia"--is certainly not
of vital importance. And the clause under article 4, in regard to
admission of citizens of the soviet republics of Russia into the
allied and associated countries, may certainly be changed in such a
way as to reserve all necessary rights to control such immigration to
the allied and associated countries, and to confine it to persons who
come on legitimate and necessary business, and to exclude definitely
all possibility of an influx of propagandists.

CONCLUSIONS

The following conclusions are respectfully submitted:

1. No government save a socialist government can be set up
in Russia to-day except by foreign bayonets, and any
governments so set up will fall the moment such support is
withdrawn. The Lenin wing of the communist party is to-day
as moderate as any socialist government which can control
Russia.

2. No real peace can be established in Europe or the world
until peace is made with the revolution. This proposal of
the Soviet Government presents an opportunity