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of troops into Memphis, and thence upon the left of Beauregard. In fact, the Federal General is reported to have remarked that he would take Corinth without firing a gun. It may, therefore, be his design to await the demonstrations on the river. These are the only contingencies on which he can depend to carryout the programme thus enunciated. The probabilities of a Federal success on the river is somewhat in their favor. According to the latest accounts, a strong force has landed at Osceola, which is near the point where the Yankee gunboats are stationed, and are now pushing down the river-bank on a road which will carry them to a point be low Fort Randolph, which is about sixteen miles this side of Fort Pillow. In other words, it is a repetition of the Island No.10 tactic, which caused an evacuation and surrender. Once fairly established on the banks, the Federal will bring down their heavy guns, and, by cutting off supplies, compel us to yield to starvation and to the enem