"We know well enough that if we repeal this law and give nothing for it, the people of this country will regard it as a total demonetization of silver, which it will be, so far as this Congress is concerned, without any question"

This quote by Richard Parks Bland is describing the repeal of the Sherman Silver Purchase Act of 1890. This act was a law that needed the United States government to buy large quantities of silver each month. Bland is alerting that if the law is rescinded without any replacement, individuals of the country will view it as a complete demonetization of silver. This means that silver would no longer be used as a type of currency, and would rather be deemed a commodity. Bland is warning that if the law is reversed with no replacement, the people of the nation will view it as a total desertion of silver as a form of currency. He is emphasizing that the repeal of the law would be seen as an overall demonetization of silver, which Congress would be responsible for it.