13 MAY 1865, Page 2

Owing to Sherman's political blunder or crime,—which is the worse

to English ears Lord Derby has taught us to doubt, —one of the most guiltyof the original Confederate conspirators has, it seems, escaped. Howell Cobb, the Secretary to the Treasury in 1860, who wilfully failed to pay the interest on the United States debt, though he did not resign his office, and who boasted that he had done this, though it was a breach of his solemn oath of office, had been captured by General Wilson in Macon. General Sherman ordered General Wilson to evacuate Macon in conse- quence of the armistice—which he had made without authority or reason—and Cobb probably escaped. We should be sorry to see any of the politicians of the South hanged, but certainly none deserve it better than Mr. Howell Cobb, unless perhaps Mr. Judah P. Benjamin