"The blood of Jesus Christ his Son cleanseth us from all sin" 1 Jn. 1:7
The blood of Christ needs to be considered three ways: as shed, as pleaded, as sprinkled. 1. As shed. This was necessary by way of satisfaction and merit, to obtain for us God's pardon of our sins, for "without the shedding of blood is no remission of sins." Heb. 9:22
2. It is pleaded by Christ in heaven. This is the very basis of His intercession. "By His own blood He entered in once into the Holy place" Heb. 9:12 and its merits He continually presents to the Father. It is also to be pleaded by us when we beg any blessing, especially the pardon of our sins: "Having therefore brethren, boldness to enter into the Holiest by the blood of Jesus" Heb. 10:19
But it is not enough that His blood be shed and pleaded, it must be actually sprinkled or applied to our conscience; "The blood of sprinkling which speaketh better things than that of Abel." Heb. 12:24 Arthur Pink, The Atonement.
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