 Should the Allies accept this proposal, and should Germany refuse it, the United States would probably enter the war against Germany.Colonel House expressed the opinion that, if such a Conference met, it would secure peace on terms not unfavourable to the Allies; and, if it failed to secure peace, the United States would leave the Conference as a belligerent on the side of the Allies, if Germany was unreasonable.Colonel House expressed an opinion decidedly favourable to the restoration of Belgium, the transfer of Alsace and Lorraine to France, and the acquisition by Russia of an outlet to the sea, though he thought that the loss of territory incurred by Germany in one place would have to be compensated to her by concessions to her in other places outside Europe.