In this work we study the quantum Toda lattice, developing the asympto
tic Bethe ansatz method first used by Sutherland. Despite its known li
mitations we find, on comparing with Gutzwiller's exact method, that i
t works well in this particular problem and in fact becomes exact as (
h) over bar grows large. We calculate ground state and excitation ener
gies for finite-sized lattices, identify excitations as phonons and so
litons on the basis of their quantum numbers, and find their dispersio
ns. These are similar to the classical dispersions for small (h) over
bar, and remain similar all the way up to (h) over bar = 1, but then d
eviate substantially as we go farther into the quantum regime. On comp
aring the sound velocities for various (h) over bar obtained thus with
that predicted by conformal theory we conclude that the Bethe ansatz
gives the energies per particle accurate to O(1/N-2). On that assumpti
on we can find correlation functions. Thus the Bethe ansatz method can
be used to yield much more than the thermodynamic properties which pr
evious authors have calculated.