Last Saturday, the 12th day of October 1861, has now a place in history, and a place, too, inferior to none connected with the history of the people of America, the Fourth of July only excepted. Thursday gave to the South also another hero, one who will rank with the Jones’, the Hulls, the Perrys, and the Decaturs, those glorious defenders of the rights of the old Union. Yes, henceforth the name of Hollins will be mentioned with pride throughout the broad extent of the Southern Confederacy. He has fought against odds, we believe, which have never before been encountered, and obtained a victory which, so for as we recollect, has no parallel in history. Five extemporised gun boats, armed with 17 guns all told, attacked a fleet of four men of war, armed with about 40 guns, sunk one of them, put the balance to flight, ran them ashore, and captured a transport schooner from them.

This expedition, which had such a glorious termination, was fitted out here and over in Algiers by Capt. Hollins, amidst the most profound secrecy, not the slightest hint of what was intended getting noised abroad until the vessels were almost ready for departure, and even then nothing definite could be learned, nor did any one know exactly what was going to be done.