This is an hymn by Isaac Watts, his Hymn 137 of Book 1, entitled Salvation by grace in Christ, published 1717.
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Now to the power of God supreme
Be everlasting honors given;
He saves from hell, (we bless his name,)
He calls our wand'ring feet to heaven.
Not for our duties or deserts,
But of his own abounding grace,
He works salvation in our hearts,
And forms a people for his praise.
'Twas his own purpose that begun
To rescue rebels doomed to die;
He gave us grace in Christ his Son
Before he spread the starry sky.
Jesus the Lord appears at last,
And makes his Father's counsels known;
Declares the great transactions past,
And brings immortal blessings down.
He dies, and in that dreadful night
Did all the powers of hell destroy;
Rising, he brought our heaven to light,
And took possession of the joy.
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