Notes by Dr. Tarrasch.

1. 5.e3 I consider it more advantageous first to develop the Queen's Bishop, leaving the King's wing.
2. 6.Be2 There can scarcely be any doubt that in the Queen's game the post at Q 3 for the King's Bishop is in every respect better.
3. 6…c6 Here P to B 4, together with Kt to B 3, would be correct. The move P to B 3 cramps Black, though Black will develop his game with P X B P and P to K 4, or Q B 4, as Tchigorin did against the same opponent.
4. 8.Bd2 Here Mr. Bum blocks his Queen's file. I don't agree with this method of development.
5. 9.Qb3 With Q to B 2 White would not only have prepared against his opponent's following attacking move, but would also have had the opportunity of forcing forward his opponent's King's flank Pawns, which he could have done long ago if he had brought his King's.Bishop into his proper place at Q 3.
6. 9…Ne4 With this Black succeeds in getting a good game.
7. 10.Be1 This idea belongs to Mr. Burn's system, which, however, was originated by Steinitz.
8. 12…Nxc3 There was time for, this when White played P to K B 3.
9. 14.Nf3 For what reason? A good plan was to push forward the King’s Pawn after the preliminary moves have been made.
10. 14…b5 Rather risky; Kt to K 5 was better, in order to prepare an attack upon the King, either with Q to B 3 and P to K Kt 4, or with R to B 3 and R 3, with the threat of R x R P and Q to R 5.
11. 17…Qb6 Black is in trouble now with his isolated Rook's Pawn; he defends it nevertheless in the future very cleverly, though indirectly, by counter-attacks.
12. 23…Rb3 Black is now, on account of his better development (White's Queen's Bishop and King's Rook are still undeveloped), and through the command of the open files, in a good position, in spite of the isolated Rook's Pawn.
13. 24…Rc1 This is not good, for it leads only the change of the active Rook against the undeveloped one at Bishop's sq. Black had two promising methods of attack, first B to Kt sq, and second R x B, followed by B to Kt 4. There was then still an advantage, while now the disadvantage of the weak Rook's Pawn and King's Pawn again count for something.
14. 26…Ne4 The Knight cannot be taken on account of Bishop checks, but R X B; 27. R X B, B to Kt 4, is certainly preferable.
15. 28…g5 Black could only guard the Queen's Rook's Pawn by considerably damaging his own position, and therefore he sacrifices it in order to continue his attack. After 29. Kt x P, might follow, B to Q B sq; 30. B X P, ch, B X B; 31. Kt x B, R to Kt 7.
16. 31.Ra2 With this White prevents the dangerous move of R to Kt 7.
17. 36…Bxg3 After the sacrifice of the Knight the game looks to give the best chance for Black. It is very dangerous for White, as the Rook's Pawn seems likely to go straight for a Queen.
18. 38.Ra1 This move leads to a draw. Instead of this an attack of the three Pieces against the King seemed to be very promising, and might easily lead to a mate, as the combinations of Rook, Bishop and Knight against the King standing on the last file frequently bring a mate about. The game might assume the following form: 38. R to R 7, P to R 6; 39. Kt X P, P to R 7; 40. R to Kt 7, ch, K to R sq; 41. P to Q 5, P to R 8 (Q) (?); 42. R to Kt 6, ch, K to R 2; 4.5. Kt to B 8, mate. One would think now that White must win, but Black's counter-moves are very clever. Even at the last moment Black might have given perpetual check by 41. R to K 8, ch; 42. K to Q 2, R to Q 8, ch; 43. K to K 2 (!). 'I here is also 38. R to R 7, P to R 6; 39. P to Q 5, P to R 7; 40. R to Kt 7, ch, K to B sq (!); 41. Kt x P, ch, K to K sq; 42. B to B 6, R to K 8, ch; or B to Q 6, and Black could escape mate.
19. 47…Kd3 With P to K 4; 48. P x P, K X P; 49. B to B 4, ch, K to K 5; 50. B to B 7, P to B 4, ch; 51. B x P, P to R 7; 52. K x P, K x B; 53. K to Kt 2, the game again becomes a draw.