INDIAN CAPES Vintage Zip Wallet/Pipe & Tobacco/Cigarette Holder or Glasses?

I am not sure what this actually is. My grandmother told me that my grandpa used it for his pipe and tobacco. Looking this up I could not find any useful information about this item. I know it is very old, zipper works perfect, genuine leather although no insignia or label of it as they never did put one inside in the old days. It's been cleaned and I believe I got the tobacco smell out. The outer has no scratches, rips, tears spots or stains. Measures 7" x 3 1/2" MW01L01RS