The Richmond tobacco Speculation.
--The New York Herald
contains the following about the recent burning of the tobacco at Fredericksburg
"It is known that a detachment of the Potomac
flotilla recently ascended the Rappahannock river
, and captured there some two hundred and fifty thousand dollars' worth of Virginia manufactured tobacco
, and that the lot was carried off or destroyed.
According to the Richmond papers, this tobacco was the venture of a number of speculators of that city, who had been promised, if they would run it up to Fredericksburg
, a tremendous profit in a good lot of Maryland
bacon in exchange.--According to the Tribune,
several New York speculators were concerned in this business to the extent of an investment of fifty thousand dollars each in this aforesaid Virginia
tobacco and Maryland
If this be true, we may be excused in making the inquiry, who are these parties?
All that we know is, that this Virginia
tobacco was a dead loss to the speculators concerned, and that the expected Maryland
bacon was not forthcoming.
On that side, at least, they saved their bacon."