ISLE or WHITHORN.—On the 2nd Octo- ber, the smack Swallow was observed off: Borough Head dismasted, and in danger of being driven on the rocks. The Whithorn Life-boat Charlie Peek put off to her assistance, but before she could get near the Swallow, another vessel arrived and took her in tow towards Drumore. The Life-boat was hailed to follow, and she assisted in passing a fresh tow-rope, as the one in use had nearly parted..