In exchange, Talbot paid the shah an annual sum of £15,000 (present-day £1.845 million; $2.35 million) in addition to a quarter of the yearly profits after the payment of all expenses and a dividend of 5 percent on the capital. By the fall of 1890 the concession had been sold to the Imperial Tobacco Corporation of Persia, a company which some have speculated was essentially Talbot himself as he heavily promoted shares in the corporation. At the time of the concession, the tobacco crop was valuable not only because of the domestic market but because Iranians cultivated a variety of tobacco "much prized in foreign markets" that was not grown elsewhere. A Tobacco Régie (monopoly) was subsequently established and all the producers and owners of tobacco in Persia were forced to sell their goods to agents of the Régie, who would then resell the purchased tobacco at a price that was mutually agreed upon by the company and the sellers with disputes settled by compulsory arbitration. At the time, the Persian tobacco industry employed over 200,000 people and therefore the concession represented a major blow to Persian farmers and bazaaris whose livelihoods were largely dependent on the lucrative tobacco business. Now they were forced to seek permits from the Tobacco Régie as well as required to inform the concessionaires of the amount of tobacco produced. In essence the concession not only violated the long-established relationship between Persian tobacco producers and tobacco sellers, but it also threatened the job security of a significant portion of the population. In September 1890, the first resounding protest against the concession manifested, however it did not emerge from the Persian merchant class or ulema but rather from the Russian government who stated that the Tobacco Régie violated freedom of trade in the region as stipulated by the Treaty of Turkmanchai. Despite disapproval from the Russian Empire concerning the monopoly, Nasir al-Din Shah was intent on continuing on with the concession. In February 1891 Major G. F. Talbot traveled to Iran to install the Tobacco Régie and soon thereafter the shah made news of the concession public for the first time, sparking immediate disapproval throughout the country. Despite the rising tensions, director of the Tobacco Régie Julius Ornstein arrived in Tehran in April and was assured by Prime Minister Amin al-Sultan that the concession had the full support of the Qajar dynasty. In the meantime, anonymous