In reply to Raised Lowercase Baseline?:
Probably my comment was completely off.
Anyhow, looking for victorian brought up these kind of typefaces:
http://www.myfonts.com/fonts/nicksfonts/grand-prairie-wbw/
http://www.myfonts.com/fonts/spiecegraphics/asteroid-primo/
http://www.myfonts.com/fonts/p22/victorian-swash/
http://www.myfonts.com/fonts/spiecegraphics/zinc-italian-sg/
And surely this kind of treatment is used in cartouche fonts.