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Gen. Pillow's chain Cable.--Parson Brownlow says:--“Previous to Gen. Pillow being superseded by Bishop Polk, he went to New Orleans and procured a huge chain cable, costing him $25,000, and brought it to Memphis to blockade the river, by stretching it over and resting it upon buoys. The cable, carriage, and work, cost about $30,000. The first big tide that came, bringing down the usual amount of trees, logs, and drift wood, swept the cable and its supporters, as any flat-boat captain would have informed the Confederate authorities would certainly be the case.” --N. Y. Commercial, Aug. 3.

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