gY THIS MORNINGS MAIL.

~ The Letter of onr Philadelphia eo're'aohaeh' :
uaa voidably c.pvdeh out
s,,norsan1 from Washington--RePen Peni ol


the Bankrupt Law-kesaSna..'n


the Secretary OF the Treasury, "e'
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law is founded on the slight pfoDaolhes 'aa'
President will not approve it. | have no ssch
hope, though it doe, seer: as it polite re ara i0'
his owa popularity, aside from other considerations
- more worthy character, would prompt the
President to pursue that course. ! re manu-
earnest. and eloquent resistance made IN tae sen
ate by BEnRlES, CHoArE, TALLNApGE and Con
R.n Yesterday and to day worthy of them ana
Of the multitude of down-trodden people whose
tights and wishes they attempted to defend Ii
;l be more than score of years before the coun'
,rv will see another Bankruptlaw, but instead VIII
bs stay.laws and insolvent laws, with the long
train .i frauds and expressions always attending
them.


The Secretary of the Treasury has rendered his
RESIGNATION TO the President, to take effect on lues
aay noxt 1t is said by many that Mr. Webster
Will go out Immediately after Congress adjouIns-
that Upshur will take his pace-and that Gushing
will 20 into the Navy Department.


Il is not unlikely, however, that no luther
changes than those two, the Treasury and war
Departments, will happen for some wesks to come
il indeed they do for some months.


There ere the usual indications of the near ap-
preach of the end of the last session OF Congress
Members are beginning TO buste about preparatory
70 their depar:ure-boxes of documents, directed
20 the different members, &c. &c. lumber up the
lower passages of the casito and every hour III
,ervening between this and next Saturday evening
seem to be counted. But very few members OF
tha House will return to the next Congress, and
therefore they will separate with more OF regret
than is usual, from the reflection that most OF them
will not probably meet again


doubt whether more harmony among members
of different porties has existed in any Congress
than in this With but few exceptions, the most
perfec, good feeling and forbearance has been cx-
ercised by all, even amid most trying and lrrlta'
np circumstances, and on many an occasion has
the mere exercise of that forbearance by the body
of gentlemen composing large majority OF the
House. operated as the severest and most efectual
rebuke to the few turbulent and unnannerly tel-
lows who have by some means become members
Of the body.


Coming spring has already" cast its shadows
before, in the shape of a supply of fresh shad
from North Carolina, to the astonishment and
great qualification of those who curious in such
things. MASHATTAN'
Final Repeal Of the Bankrupt Law, sc.


Correspondence Of the Tribune.


WASHINGTON, Saturday, Feb. 25


The work of destruction, commenced with 80
much fury and prosecuted with so much zeal-al-
though its consummation has been for short time
! delaved-is at length complete, and that selutary
mgasure Of relief on the hand, and OF security
on the other-the BANKRUPT LAW is repealed $50
far as the action of Congress is concerned)-
Senate having to-day passed the bill from the House
for the repeal, excepting, however, cases where
application has been made prior to the passage OF
the BILL


In SENATE, after the adoption OF Mr.. BENToN's
resolution calling on the President for copies of the
despatch from MIR. Everett Of the Sd inst; OF the
des pateh of Lord Aberdeen of Dec. 1871 to our
Secretary of State, and the answer thereto; and
some other unimportant business, the bill to repeal
the Bankrupt Law came up.


MIR. WALKERS amendment declaring banks up
on failure to redeeu, their notes in specie, bank
rupt, and subjectiag them, except those in which
the States have propretorship,.to the operation o
this act, after remarks from Messrs. CRITTESDEs,
SMITH of CT. and ALLEN, was rejected-Yeas l8,
Nays e4.


The substituted amendment of the judiciary
Committee to repeal only the voluntary provisions
of the act, makisg the discharge depend upon the
assent Of majority Of the creditors, sc. was re-
iected-Yeas Is, Nays 80, as follows


YsAs-sIesrs Barrow, Bates, Berrieu, choae Clayton,
Crafts DAYTON, Evans, Henderson, Kerr. Miller, Phelps
Tauadge, White, Woodbr ridge-lb.


NAYs-Messrs Allen. Archer, Bagby, BeHon Buchanan,
Calhoun crendsn Guhber, Fulton Gssam am huniing Ming
head, Rives, Sewer Smith, Of Connecticut Smith, OF Id
Jams Woodbury., Wright Young-S0.


The bill as it came from the House being now
be fore them amendments were offered as follows:


By Mr.. BESroS, to make the repeal absolute,
rejected after debate.


By Mr. BERRlES, to allow the selection of as
signees by the creditors; rejected-Yeas, ID
Nays, 35.


By Mir CONRAD, fixing the 4th of April next
for the time of the taking effect of the repeal re-
Jected-Yeas, l3-Nays, 80.


| By Mr.. TALLMADGE. to allow to each jud ge on
! the final decision Of each in bankruptcy one
dollar; rejected-Yeas, 14-Nays, 34


Also, to postpone the subject until the first
Monday in December next; rejected-Yeas, II.
n ays, "a, as follows:


y.As-Messrs Barrow Bates Berrien, Choae, Clayton,
Tsn smsdrs wh Sss ss
YzAs-Messrs Allen, Archer Bssby, BayaTd, Benton,
Bnshansn Gratis on . n. %
Roberts, Mangum, Msrrick, Morehead, Phelps Rves
Ssyies Sgi,h Of Conn spagus Sntgs0px Tappao


No amendments having been adopted, the ques-
ton was taken on the bill as it came from the
House, (repesling the law, but providing for the
prosecution 10 completion of cases where applica