Notes by E. Lasker.

1. 5…d6 This defence leaves Black with a somewhat cramped position, if White continues with 6. P to Q 4, B to Q 2; 7. P x P, P x P; 8. Kt to B 3, B to Q 3; 9. B to K Kt 5, Kt to K 2; 10. B to Kt 3.
2. 6.Nc3 A mistake. White having Castled ought to immediately open the centre by P to Q 4. Now he comes into difficulties.
3. 8.Ne2 It is hard to see how he could prevent the threatened Kt to Q 5 in any other way. The alternative would have been: 8. P to K R 3, B to R 4; 9. P to Kt 4, B to Kt 3. (It is remarkable that in this position the sacrifice of Knight against two Pawns is bad. If 9. ... Kt x Kt P; 10. P x Kt, B x P; 11. B to Q 5, Kt to Q 5; 12. Kt x K P, B x Q; 13. B x P, ch, K to K 2; 14. Kt to Q 5, mate.) 10. P to Q 3, Kt to Q R 4; whereupon Black appears to have slightly the better position.
4. 10…Qh3 A splendid and profound combination. Its idea is illustrated by the two following moves of Black. Had White seen it, he probably would have played 10. P to Q B 3, Q to R 6; 11. Kt to Kt 3, P to K R 4; 12. P to Q 4, with a good game, as the sacrifice 12. ... Kt to Kt 5; 13. P x Kt, P x P, would fail on account of 14. R to K sq.
5. 12.Re1 He must provide (in view of the threatened Kt to K Kt 5) an escape for his King. Suppose instead 12. P x Kt, Kt to Kt 5; 13. P x Kt, P x P; 14. R to K sq, Q x P, ch; 15. K to B sq, Q to R 6, ch; 16. K to Kt sq, Q to R 8, mate.
6. 14.Bxf7+ The only possible means to avert disaster. Kt to Kt 3 instead would not answer that purpose, as the consequence would be: 14. Kt to Kt 3, Kt to Q 5; 15. R to K 3, Q x P, ch; 16. K to B sq, Q to R 8, ch; 17. Kt x Q, R x Kt, ch; 18. K to Kt 2, R x Q; 19. R x P, R to Kt sq; 20. B to R 4, Kt to B 6; winning in such or similar manner in any variation White may choose.
7. 16…axb5 It is here that Black misses his chance. The move actually made is elegant, but not sufficiently strong. He should have taken advantage of the momentary dislocation of the White Pieces in the following manner: 16. ... Kt to Q 5. This threatens Kt to B 6. White has, therefore, only two alternatives: 17. Kt x Kt, Q to K 8, ch; 18. K to K 2, Q x K P, ch; 19. R to K 3, Q x Kt; 20. P x P, B to K 2; 21. R to R sq, B to Kt 4; 22. R x R, K x R; 23. P to Q B 3, Q to Q 4; and the result of the game cannot be doubtful, as White must lose the exchange at the very least. Or White may continue at his 17th turn: 17. Kt to Kt sq, B to K 2; 18. Q x P, B to R 5; 19. Kt to R 3 (19. Q to Kt 2 would lose on account of Q x Q, ch; 20. K x Q, Kt x P, &c.), 19. ... Q R to K B sq, whereupon White has no sufficient defence. Suppose, for instance, 20. B x P, Q to R 8, ch; 21. Kt to Kt sq, K to Kt sq.
8. 18…Rf6 Here R to R 8 suggests itself. If, then, 19. Kt to Kt sq, R to B 3; 20. R to Kt 2, Q to R 5; 21. Q x P, Q x Q; 22. R x Q, Kt to Kt 5; winning either Bishop's Pawn or Queen's Pawn. But 19. B to Q B 3, threatening Q to Kt 3, ch, would have been a sufficient reply.
9. 23…Rh3 All these manoeuvres are excellent. White brings his King into safety on the Queen's side, and will soon be able to assume the attack against the opened King's side of Black. Black's extra Pawn at Kt 5 is of no permanent value, being indefensible in the long run.
10. 26.Qf3 Now it is White who has, without a doubt, the better game. It would have been advisable to double the Rooks on the King's Knight's file, and afterwards to proceed with R to Kt 3 and B 3. Black seems to have no defence against this manoeuvre. Suppose, for instance, 26. R (K sq) to K Kt sq, R to Q R 7; 27. R to Kt 3, R x B; 28. R to B 3, K to K sq; 29. B to Kt 5, Q to Kt 3; 30. Kt x Kt P, ch, and mates in a few more moves.
11. 32.Qxf7+ After this exchange of Queens the draw becomes the natural and legitimate result.