To anybody who can hold the Present at its worth without being inappreciative of the Past, it may be forgiven, if to such an one the solitary old hulk at Portsmouth, Nelson's Victory, seems to float there, not alone as the decaying monument of a fame incorruptible, but also as a poetic approach, softened by its picturesqueness, to the Monitors and yet mightier hulls of the European ironclads.