Mr. Conger to Mr. Hay.

[Telegram.—Paraphrase.]

(Mr. Conger states that the Chinese Government insists that the United States ought to receive payment according to the terms of the bonds signed by China. The Chinese have been very grateful for our just and generous position, and the other powers respect us for it. Suggests that the United States Government, although insisting on its right to demand equal treatment with other powers, should, in view of China’s helpless position, waive that right and accept payment as stipulated in the bonds, without regard to the more favorable treatment which China may be forced to accord to other powers.)