I am not going to bind myself to the cart-tail of a lot of capitalists. It may be unpleasant to take the money of one plutocrat in exchange for an ho… - David Lloyd George

The letter was a complete repudiation of the agreement he <nowiki>[</nowiki>H. H. Asquith<nowiki>]</nowiki> had entered into with me on Sunday and confirmed in writing on Monday. He had reached his decision to go back on his word without giving me an opportunity of further discussion with him. He saw all the critics. He resolutely refused to see me although he had promised to do so. Had I gone back on my word I know the nature of the comment that would have been passed on me by those who worked with frenzy to persuade Mr. Asquith to break faith. How it would have fitted into that legend of distrust which they so assiduously worked up for years, and which seems to be their sole article of unwavering faith!

Avoid the extremists and Socialists, but do let us avoid the extreme of "standstillism." You want a strong group of independent men, freed from party ties, strong enough to insist on a steady middle course, free from all extremes. Pursue the steady middle course.

I have always said we will exact the last penny we can out of Germany up to the limit of her capacity, but I am not going to mislead the public on the question of the capacity until I know more about it, and I am not going to do it in order to win votes. It is not right; it is not fair; it is not straightforward; and it is not honest. If Germany has a greater capacity, she must pay to the very last penny.