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Federals are landing a large force near Savannah or Eastport, on the Tennessee river, with the view to take possession of the Memphis and Charleston Railroad. It is supposed they seek to reach Corinth, by which they would common not only the Memphis and Charleston Railroad, but the Memphis and Ohio also; after commanding these roads at this point, that they will then attempt to reach the Grand Junction, commanding at that point the Mississippi Central Railroad, and thus intercept reinforcements and supplies to Gens, Polk and Beauregard. If they can reach our city from this direction, they hope to isolate our defences on the Mississippi river above, and to cut them off from reinforcements and supplies from the East and from the South; thus opening the great channel of transportation for their own supplies, both of men and provisions, etc. to the great Northwest.--They hope to separate the armies of Beauregard and Johnson and, if possible, to cut off the connection between our Western and Eastern armies. We learn from passengers down from Corinth last evening, that much excitement prevails along the line of the road from this place to Chattanooga. This is natural. Our people are being thoroughly aroused to the drills. We have nothing to fear, provided the messes generally will exert their powers and to the fullest extent sustain the skill and vigilance of our commanding Generals. It must not be expected that Gens Polk, Beauregard, Bragg and Johnston can meet and drive back a large Federal force without they be adequately supported with the arms of strong men, as well by the hearts of patriots. It is said there are 30,000 Federals already landed near Iuka.
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