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is were treated, not dreaming of an ocular demonstration so near at hand. At midnight we started for Baltimore. The following from the Richmond "Whig" explains better, perhaps, than I can, just what Martin and the case meant, from the Confederate viewpoint: (From the Richmond "Whig") The Tobacco Transaction--A Prominent New York House Concerned. "We have obtained the main facts of the great tobacco speculation, in reference to which there were so many rumors last week. It appears that an agent of a New York mercantile house, whose name it is deemed inexpedient to publish at this time, proposed to certain parties in this city to contract with them for the delivery of a specific quantity of manufactured tobacco at Fredericksburg, he undertaking for his principals to remove the tobacco from that point, with the implied consent of the United States authorities, provided the Confederate authorities would indicate their consent, in writing, to the proposed transaction. The tobacco was to be paid for on its delivery at Fredericksburg. The New York house was vouched for by an influential member of Congress, who had intimate business relations with the concern. One of the Confederate bureaus became identified with the scheme, by reason of the representations which had been made to its officers, and by the prospect of advantageous results from the fulfillment of the proposed agreement by the parties on the other side. The contract was accordingly entered into, "sealed, signed and delivered," with a satisfactory endorsement from the predecessor of the present Secretary of War, who was no doubt induced to believe that it was "all right." Nothing was said in the contract about bacon. The quid pro quo was money. In execution of the contract on this side, about four thousand boxes of fine to extra manufactured tobacco were purchased here, at rates ranging from four dollars to seven dollars per pound, Confederate currency. Of this amount one thousand two hundred and seventy-three boxes, weighing one hundred and thirty-two thousand five hundred and seventy-eight pounds, and valued at seven hundred thousand dollars, were forwarded to Fredericksburg in charge of Dr. Rose, who was induced by assurances from Richmond, which he could not discredit, to
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