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BASKRUPr LAw.-The object of deferring the time when this bill goes into operation it is stated, ~as to give Congress an opportunity to alter and amend it ai the regular session. As it now stands, ,, said Mr. Fillmore, in recent speech. sit is in some respects contradictory, and think it will be very difficult carry into effect. Nevertheless, as ii is now conceded all hands that is late to att tempt to perfect this great measure at this session, ahe question presents itself whether will take the bill it is, postponng its operation long enough af- aer the commencement of the next session to enable to correct any defects at that time, or adjourn without any legislation upon the subject. cannot hesitate. am for the bill tt is rather than nott- jag. take it with all its mperfections on its head, rather than to have legislation on the subject One great point is gained the friends of the measure by the passage of this b it at least compels Legislation pn this subject al the next session.''