Here is your weekly dose from the dearly departed... A.W. Pink from his work A Fourfold Salvation in part 1 we saw Salvation from the Pleasure of Sin, we now look at part 2 Salvation from the Penalty of Sin
his follows upon our regeneration which is evidenced by evangelical repentance and unfeigned faith. Every soul that truly puts his trust in the Lord Jesus Christ is then and there saved from the penalty—the guilt, the wages, the punishment—of sin. When the apostle said to the penitent jailor, "Believe on the Lord Jesus Christ and thou shalt be saved," he signified that all his sins would be remitted by God; just as when the Lord said to the poor woman, "thy faith hath saved thee: go in peace" (Luke 7:50). He meant that all her sins were now forgiven her, for forgiveness has to do with the criminality and punishment of sin. To the same effect when we read "by grace are ye saved through faith" (Eph. 2:8), it is to be understood the Lord has actually "delivered us from the wrath to come" (1 Thess. 1:10).
This aspect of our salvation is to be contemplated from two separate viewpoints: the Divine and the human. The Divine side of it is found in the mediatorial office and work of Christ, who as the Sponsor and Surety of His people met the requirements of the law on their behalf, working out for them a perfect righteousness and enduring Himself the curse and condemnation which are due them, consummated at the Cross. It was there that He was "wounded for our transgressions and bruised for our iniquities" (Isa. 53:5). It was there that He, judicially, "his own self bare our sins in his own body on the tree" (1 Pet. 2:24). It was there that He was "smitten of God and afflicted" while He was making atonement for the offenses of His people. Because Christ suffered in my stead, I go free; because He died, I live; because He was forsaken of God, I am reconciled to Him. This is the great marvel of grace, which will evoke ceaseless praise from the redeemed throughout eternity.