There was a certain creditor which had two debtors: the one owed five hundred pence, and the other fifty. And when they had nothing to pay, he frankly forgave them both. – Luke 7:41,42
When the creditor said, “I freely forgive you both,” why, the deed was done! His lips had power! He had finished the debt by his word. And so, when the Lord Jesus Christ is looked unto by the eye of faith, there comes a voice from His dear wounds which cries to the poor trembling bankrupt sinner, “Your sins, which are many, are all forgiven. I have blotted out your sins like a cloud, and like a thick cloud your iniquities.” What an effectual pardon it is! How it charms the heart and lulls every fear to rest! He frankly, He fully, He freely, He effectually forgives! And I believe that when this is done, I may add another adjective—it is an eternal discharge!
As for our sins, “the depths have covered them.” “There is not one of them left.” Hallelujah! Observe that it was a very effectual forgiveness, too. The only person that can forgive a debt is he to whom the debt is due. Only God can forgive sin, seeing it is a debt to Him. What think you of those who are said to be able to forgive you for a shilling? Why, I say that to pay them their fee would be eleven‐penny, three farthings and another farthing thrown away! When you have got their forgiveness what is the good of it? Suppose I were to forgive you for injuries done by you to the Queen—of what value would my forgiveness be? He against whom I have transgressed is the only one that can pronounce my pardon! And if He absolves me, how effectual is the sentence!