From the W. Y. Tribune.
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l REPEAL OF THE BANKRUPT LAw.-We had 1 hoped better things of this Congress. We | had hoped that it would act up to the sound | Conservative motto-' Preserve and regulate mot destroy! We presumed there were defects in the present law, but we thought il the very business of Congress to correct these and perfect the system. Now we have little hope from the Senate, and not much more from the President. But if John Tyler would just Veto this bill and plainly tell Co ngress to make good Bankrupt Law if this is not one, we will forgive him about any act of folly.

 The following is the bill as it has passed the House:

 Be u enacted bg khe Senate and House of Rep resentatires of the United States of America in Congress assembled, That an act entitled " An act to establish uniform system of bank ruptcy throughout the United States," aprov- ed on the 18th August, l84l, be, and the same hereby is, repealed: Prouided. That this act shall not affect any case of proceed ing in bankruptcy commenced before the passage of this act or any pains, penalties, or torfeitures incurred under the said act but every such proceeding may be continued to it's final consumation, in like manner as if this act had not been passed.

 We see with pride that the 71 who voted against the Repeal are all Wings. Of the l40 votes for Repeal, 93 were cast by Loco- Foco and AZ by Whigs. Those who voted for the law when it was passed and now to repeal it are

 Messrs Black, Boardman. Bronson, T. J. Cambell, Caruthers, Cowen, G. Davis, Deb- erry, Everett, P. G. Goode. Hastings, Hud- son, Morris, Osborne, Raynor, Rooserel, Smith, Stanley, Stokely, John T. Stuart, Tal- iaferro, Tillinghast, Wood, Augustus Young.