Yep - family seems to have the mistaken idea he was a Captain. Possibly it was one of those fake Confederate veteran ranks which commonly confuse people. Edited to reflect that.
Looks like John H Taylor may have also been "blessed" with one of those fake Captain ranks too?
PETER TURNEY'S 1st TENNESSEE REGIMENT
COMPANY E
Company E was raised at Lynchburg in March 1861 and joined the Regiment in Winchester the following month where they were sworn into service on 29 April 1861. The men were from Lincoln County (became Moore County). They were nicknamed "The Lynchburg Rangers".
John H. TAYLOR, a prominent Southern gentleman of the old school, outfitted the Company at his own expense. Officers at the organization were: Capt., Dr. Ezekiel Y. SALMON; 1st Ltn., Thomas H. MANN; 2nd Ltn., Charles W. LUCAS; 3rd Ltn.,
William F. TAYLOR; 1st Sgt., William P. TOLLEY; 2nd Sgt., James P. EDDE; 3rd Sgt., Thomas H. PARKS; Fourth Sergeant,
Jasper N. TAYLOR; 1st Cpl.; Milton C. PARKS; 2nd Cpl. John H. SILVERTOOTH; 3rd Cpl., Alex W. WOMACK; 4th Cpl., Felix W. MOTLOW.
http://www.tngenweb.org/franklin/frane.htm
Maybe that 3d Lieut William F Taylor instead of the one we were thinking? Or less likely, Jasper N Taylor?
TAYLOR, Jasper Newton Sgt. *Born 8 March 1838 at Lynchburg. Enr. 29 Apr 61 at Lynchburg, aged 22; discharged on account of chronic sore eyes, 29 July 61. He re-enlisted in Forrest's Escort Company to end of war. He was in battles of Murfreesboro, Chickamauga, Brice's Crossroads and Harrisburg, the raid to Memphis, the battle of Johnsonville, Spring Hill, Franklin and Murfreesboro (Hood's campaign) operating against Wilson's Raid in 1865 until the fall of Selma, AL, when he was made the last Confederate prisoner in the record of the Forrest Escort. He surrendered as Pvt. at Citronelle, AL, 4 May 1865 and paroled at Gainesville, AL. After the war he graduated in medicine at the University of Tennessee in 1872 and practiced in Lynchburg. He was the first post master appointed by President Cleveland for four years.*
TAYLOR, William Ford 2nd Ltn. He was b. 23 July 1827, d. by 1907, Moore Co., TN. He m. Alnuda (Almeda) Eveline EATON. He was s/o John H. TAYLOR and Elizabeth FORD.~ *Enr. 29 Apr 61 at Lynchburg, aged 33; term expired 27 Apr 62 and succeeded by A.F. EATON. He was wounded in the back at Fredericksburg, VA, 13 Dec 62. He returned home and enrolled in Forrest's Escort Company; surrendering at Citronelle, AL, 4 May 65 and paroled at Gainesville, A.*