Diplomatists are disposed to believe that through such informal conversations something definite in the way of peace terms may yet be obtained as a working basis.  If a concord of opinion for the discussion of peace terms were reached President Wilson then would endeavor to obtain an acceptance by all the belligerents of the original tender of good offices.  This would not mean a cessation of hostilities, unless the mediating power specifically made it a condition of mediation and all the belligerents agreed to it.  An armistice would not hinder military movements or preparations, serving merely as a truce while peace was discussed.

President Wilson already has indicated that he believes that the final reckoning of the war should be made in a conference of the European powers, and it would be the function of the United States to preside at such a conference if its services as a mediator were accepted.

Various reports were current today that Germany had named several conditions under which she would make peace, that she had refused proposals to alter the territorial status of her empire and possessions, and would cede no territory or dismantle her fleet, but it was said authoritatively that nothing of this character was contained in any of the messages from Berlin to the American Government.

A statement made at the White House today was the first authoritative acknowledgment that any inquiry on the subject of Germany’s attitude concerning peace had been made by the United States.  Officials heretofore have maintained silence in regard to the effort made by the Government to get at the bottom of the expression in favor of peace reported to have been made by the German Emperor to the Imperial Chancellor and mentioned in a private conversation in New York by Count von Bernstorff, the German Ambassador to the United States.

What was said by Count von Bernstorff in that conversation brought Oscar S. Straus post-haste to Washington, and as a result of what he told Secretary Bryan instructions were sent to Ambassador Gerard to ascertain whether the remarks attributed to the Emperor were to be taken as an indication that the German Government would not be averse to the exercise of the good offices of the United States in an effort to end the hostilities in Europe.

The conversation at which the German Ambassador made the statement occurred at the house of James Speyer, the banker, in New York.  Oscar S. Straus, a member of the Permanent Tribunal of Arbitration at The Hague, was present.  In the course of a discussion of the war in Europe and the prospects of peace Count von Bernstorff, it is understood, said that, while he had no advices from the Imperial Government since he had left Berlin, he recalled that the Imperial Chancellor had told him that he believed Emperor William would be willing to discuss a proposal of peace through mediation.

With the permission of Count von Bernstorff, Mr. Straus came to Washington and told Secretary Bryan of what the German Ambassador had said.  On the following day Count von Bernstorff made a trip from New York to Washington and had an interview with Secretary Bryan.