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whole matter would have been settled at once as there was nothing in the Agreement obliging the U. S. to accept the [[?]] and Mr. N would have suffered no loss by our refusal to accept.

By my telegram of this morning the whole matter is left to your good judgment. 

When the bargain was made the market [[?]] [[?]] & meat was [[???]] would agree to obtain meat for [[?]] should [[???]] and had you attempted to buy a large amount Even in New Orleans probably the market would have instantly advanced 3 or 5 cents per lb.

Very Respectfully
E. Whittlesey
A.A.I. Genl.  

Transcription Notes:
untranscribable. Ink smear everywhere