5 MAY 1866, Page 2

The special correspondent of the Times at Washington has had

an interview of two hours with Mr. Johnson, during which the President explained his views. He called. the Liberals of the Union throughout his conversation " these men," affirmed that they were afraid only for their own supremacy, and ready to go into rebellion rather than endanger it by readmitting the South, believed that the issue of the Radical policy would be a war of race, declared that the veto power could never be an instrument of oppression, denied that he was personally ambitious, and ended by expressing his own fixed resolve, and his conviction that the people would at last understand him. We think that possible, too, and when they do they will perceive that he intends the South to regain its old supremacy in the Union, to substitute serfage for slavery, and to maintain the principle of State sovereignty.minus the right of secession as completely as either Clay or Calhoun.