Mr. Hay to Mr. Conger.

[Telegram—Paraphrase.]

(Mr. Hay states that he has learned, through the Italian ambassador, of Li’s assurance of the Emperor’s early return to Pekin, and suggesting the return of the summer palace, which is favored by ministers of Italy and Austria. Any step which would tend to reinstate the Imperial authority and afford guaranty for the negotiation and execution of an effective settlement would be welcomed by the Government of the United States.)