Mr. Bowen to Mr. Hay.

[Telegram.—Paraphrase.]

(Mr. Bowen states that he is happy to be able to communicate the following answer from the President of Venezuela:

The Venezuelan Government accepts with pleasure the President of the United States as arbitrator in the pending conflict between Venezuela and Germany and Great Britain.

Mr. Bowen requests that he be advised at once of the answer of the President of the United States.)