Ron, this is from an old post here on this board dated February 19, 2005...

OFFICIAL RECORDS: Series 1, vol 45, Part 1 Page 380

The enemy succeeded in planting his colors twice upon the works of the Twenty-third Michigan Infantry, and the colors of the One hundred and seventh Illinois Infantry were seized by a rebel, who was killed in attempting to carry them away. The colors were recovered by a private of the regiment named Bailey Walker, a member of Company G, who went over the works and brought them back.

Mr. Jacobson gave me a response and stated this was not likely one of the flag's Sharp's Brigade captured. I just felt by posting this again it may at least eliminate you taking the time of trying to run this down.

On a side note to Mr. Jacobson... Sir, thank you for standing up and letting it be known that Sharp's Brigade did fight at Franklin. To say these men weren't there or of no consequence is down right foolish and shows a huge lack of respect, both for the men who were there and their descendents.