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LATEST FROM WAsHINGToN.-We have been favored with the perusal of letter from distin. guished gentleman at Washington, dated Huh inst. We make the following extract:-

 "rhe bank bill, as you will have seen, is before the President. We look with strong hopes for ve- to-many are sangune in their expectations-I am not so much Yet, thlnk we shall have veto and if we should, it will complete the prostraton of federal whiggery already commenced.

 "1he news from INDIANA is cheering. The state- men yesterday that had gained nineteen mem 69s in twenfy one counties heard from.

 eff a veto comes you shall hear from me by the first mail, if it be but a line.''

 On the 9th the Senate bill respecting the Sub Treasury law was taken up, and after some discus- sion was passed by vote of 134 te 87-lnaorty 47

 The bill was amended by the House, so as to re- peal tn act of June 23d, 1886, regulating the depo- site of public money in banks.

 Should the bill pass without this amendment (says the correspondence of the Chas. Courer) the Opposite Bank system will be revived, in case the Fiscal Bank bill fails But, if the Senate agree to the amendment, the effect of the bill will be to carry the government back to the law of l79I, and the Joint Resolution of 1916.

 In the Senate, the Land bill was taken up and de- bated till the usual hour of adjournment. Many amendments were offered and discussed, among them one to admit the territories to share in the distri button, which was rejected. Mr. Allen declared, in his remarks, that this bill could pass the Senate, either now, or hereafter.

 On the 10th, the Bankrupt bill was before the House.