I'll try to post some quotes from the book every now and then as I work my way through it. Here are a couple from the first chapter:
God makes it quite clear in His Word that He has only one answer to every human need—His Son, Jesus Christ. In all His dealings with us He works by taking us out of the way and substituting Christ in our place. The Son of God died instead of us for our forgiveness: He lives instead of us for our deliverance. So we can speak of two substitutions—a Substitute on the Cross who secures our forgiveness and a Substitute within who secures our victory. It will help us greatly, and save us from much confusion, if we keep constantly before us this fact, that God will answer all our questions in one way only, namely, by showing us more of His Son.
It is God’s holiness, God’s righteousness, which demands that a sinless life should be given for man. There is life in the Blood, and that Blood has to be poured out for me, for my sins. God is the One who requires it to be so. God is the One who demands that the Blood be presented, in order to satisfy His own righteousness, and it is He who says: ‘When I see the blood’, I will pass over you.’ The Blood of Christ wholly satisfies God.
Now I desire to say a word at this point to my younger brethren in the Lord, for it is here that we often get into difficulties. As unbelievers we may have been wholly untroubled by our conscience until the Word of God began to arouse us. Our conscience was dead, and those with dead consciences are certainly of no use to God. But later, when we believed, our awakened conscience may have become acutely sensitive, and this can constitute a real problem to us. The sense of sin and guilt can become so great, so terrible, as almost to cripple us by causing us to lose sight of the true effectiveness of the Blood. It seems to us that our sins are so real, and some particular sin may trouble us so many times, that we come to the point where to us our sins loom larger than the Blood of Christ.
Now the whole trouble with us is that we are trying to sense it; we are trying to feel its value and to estimate subjectively what the Blood is for us. We cannot do it; it does not work that way. The Blood is first for God to see. We then have to accept God’s valuation of it. In doing so we shall find our valuation. If instead we try to come to a valuation by way of our feelings we get nothing; we remain in darkness. No, it is a matter of faith in God’s Word. We have to believe that the Blood is precious to God because He says it is so (1 Peter 1:18,19). If God can accept the Blood as a payment for our sins and as the price of our redemption, then we can rest assured that the debt has been paid. If God is satisfied with the Blood, then the Blood must be acceptable. Our valuation of it is only according to His valuation—neither more nor less. It cannot, of course, be more, but it must not be less. Let us remember that He is holy and He is righteous, and that a holy and righteous God has the right to say that the Blood is acceptable in His eyes and has fully satisfied Him.