Regarding the conference, my personal opinion (I am forwarding your letter to Zinoviev) is that it is now expedient only between people prepared to warn the proletariat not only against the Gvozdevites,465 but also against the vacillations of Chkheidze.

In this—the nail, in my view, of our intra-party and, if one may express it thus, extra-party situation.

Precisely for this reason I do not waste time on any conference with Martov and Co.