Having finished their journey through the States of the Confederacy, occupying between two and three weeks, Messrs Lamb and Waddell returned to Richmond and reported to President Davis that they were entirely satisfied with what they had seen and heard, and that, so soon as they could report the facts to Messrs McLane, Thomas, Howell, and others, there would be no difficulty whatever in his obtaining all the money and all the supplies he might at any time need in exchange for cotton. Colonel Abercrombie was then telegraphed for, and on the day following reported at the Executive Mansion. From the President he received full instructions as to further operations. He then informed Messrs Lamb and Waddell that he was now ready to conduct them back to Washington. Next day they started by rail for China Grove station. Here, at Mr. Randolph's, they exchanged uniform and fashionable suits for their former disguises, and from thence traversed about the same route, rode and walked about the same distances, met with about the same incidents as when on the outward trip, until they finally reached Ben Beveridge's in Washington city. Here they met Major Weightman and informed him of all they had seen and learned. Then on to Baltimore, where they called upon, and reported to, Mr. Thomas and his associates. From this point the Colonel returned to Washington, while Messrs Lamb and Waddell went on to Philadelphia, where they reported to Dr. Howell and his associates; and then to New York, where they reported to Mr. McLane and others. All to whom they reported expressed entire satisfaction as to the result of their trip, and were ready to invest in the enterprise to the extent of their means. Not long after, a general meeting of all the "cotton ring" associates was held at Dr. Howell's, in Philadelphia, when plans were perfected to charter or purchase ships to send to Newbern, North Carolina, to be freighted with needed articles outward and cotton inward. It so happened that three of their vessels were seized by the blockading squadron, not many weeks after, and this for a time threw a cloud over their enterprise; but so soon as the loss was reported to Mr. Davis he gave them enough additional cotton to make up for the loss of the three vessels and their cargoes. From thenceforth they met with but few, if any, losses, though they continued operations, at various points along the coast, until the fall of Fort Fisher, on the 15th of January, 1865. How much the "ring" made in their cotton operations it would be impossible to say; but we have it from an intimate friend of Mr. Gilmore Meredith's, of Baltimore, that his share of the profits amounted to a "million of money," and if his share reached that amount, others, whose investments were far greater, must have reaped still larger amounts.