The best chances of a negotiated peace during the First World War lay with the President of the United States. Woodrow Wilson's efforts were abortive, but he made some very interesting moves. The most sensational was his note to the belligerents in December 1916, requesting them to state their peace terms—a move which seemed all the more provocative in Allied countries because it followed upon the heels of the German Chancellor's proposal to negotiate. The main purpose of this article is to examine the British Government's reactions to the President's note. A secondary purpose is to criticize some important points of interpretation made by Professors A. S. Link and Ernest May.