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Excitement at Cairo.

--The Memphis Bulletin, of the 5th inst., says:

‘ We learn from a passenger on the steamer Kentucky, which reached the city this morning, that there is great excitement at Cairo on account of the capture of the steamer Cheney. Our informant states that there is no less than nine gun boats, or rather nine steamboats with guns upon them, now at Cairo, and it was reported at Columbus on Saturday that they intended coming down and taking any of our boats which should venture up. It was also said that Latimore, the captain of the Cheney, had telegraphed to Cairo for them to come down and take the S. H. Tucker, but they did not attempt it. Latimore, it is said, was particularly chagrined because those who took his boat had no right to do so, not acting from instructions from any one in authority. The names of the gun-boats now at Cairo awaiting an opportunity to ‘"pick up"’ any of our steamers, are as follows:--Lexington, Conestoga, A. O. Taylor, City of Louisiana, D. A. January, G. W. Graham, Enuress, Swallow and City of Alton. The steamboat, it is said, has steam up all the time, ready to run down and pounce upon any of our boats that may venture up so high. In consequence of this fact, the Kentucky did not go up beyond Hickman on her last trip up the river.

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