Since this article was written, news has come of a successful naval engagement which shews that our sailors are as brave and as skilful as ever they were. One day last May a rebel Peruvian iron-clad, the _Huascar_, having committed piratical acts in the Pacific, was attacked by two of our fine wooden cruisers, the _Shah_ and the _Amethyst_. The two English wooden ships fairly beat the iron-clad turret-ship, which was so damaged that the rebel crew were only too glad to go into harbour and surrender to the Peruvian authorities. This is the first English action with an iron-clad; and slight as it is in itself, the fact that our ships were only wooden cruisers meant for no such severe work, gives it some importance, and makes the victory a legitimate cause for well-founded satisfaction. THE 'SOFTIE'S' DREAM. IN TWO CHAPTERS.--CHAPTER I. In the fertile valley of the river Suck, just where some years ago such consternation was created by a portion of the Bog of Allen shewing an inclination to settle for good, there stood many years since a farm-house of rather a better class than any of those in the immediate neighbourhood, or indeed in any of the adjacent villages. The house stood a little off the high-road from Castlerea to Loughlinn, and few people who passed failed to observe its well-to-do, comfortable appearance and 'smug' haggard (steading). Its occupier, Owen Kearney, was a very hard-working sober man, who not only minded his own business, but let his neighbours' affairs alone. He was never in arrears with his rent, had his turf cut a year in advance, and got his crops down first and in earliest; so that it was not without some reason that people said he was the most comfortable farmer in the village of Glenmadda. Added to being the most industrious, Owen Kearney was (what few tenant farmers in the west of Ireland were thirty years ago) something of a speculator. He did not tie his savings up in an old stocking and hide it in the thatch of the barn or cow-house, as the majority of his neighbours who had any savings usually did; but despite the repeated warnings of Shaun More Morris, the philosopher and wiseacre of the village, invested in new and improved farming implements and in horses, of which he was not unjustly considered the best judge in the County Roscommon. As he did all his business when he was perfectly sober, he seldom had any cause to complain of his bargain; and the 'luck-penny,' instead of spending in the public-house, he made a rule of giving to the priest for the poor of the parish. Not being in the habit of gossiping either about his own or his neighbours' affairs, no one could form any correct idea of how rich Owen Kearney really was; but it was generally known that he kept his money at the bank, as on fair and market days he went into that building with his pockets well filled and came out with them empty, and mounting his cob, rode home quietly, long before the fun or the faction fights commenced.