Paragraphs 7.5–7.6
Chapter VII. Of God’s Covenant with Man
The doctrines laid down in these sections are the following:—
That there are not two covenants of grace, differing in substance, but that the Old and New Testament economies are only two dispensations of the same covenant. The Jewish and the Christian dispensation are meant by the first and second—the old and new covenant.—Heb. viii. 7, 13.
That believers who lived under the old dispensation, as well as those who live under the gospel, were saved by faith in Christ, and lived and died in the hope of a blessed immortality.
That the New Testament dispensation of the covenant of grace is, in many respects, superior to that which preceded the coming of Christ in the flesh. The present dispensation exceeds the past, in the superior clearness of its manifestations—in its substantial ratification by the death of Christ—in the more abundant outpouring of the Holy Spirit—in the introduction of a more spiritual form of worship, and in its extension to all nations.1
In concluding this chapter, let us reflect how admirably adapted the covenant of grace is to the situation of those who are ruined by the violation of the first covenant. Its condition being fulfilled by the glorious Surety, a full salvation is freely offered to the chief of sinners. But what will it avail us that this gracious covenant has been revealed, unless we obtain a personal interest in it, and are made partakers of its invaluable blessings? Let us, therefore, “take hold of God’s covenant,” and let us labour after the fullest evidence of our interest in this blessed covenant. Then, amid all the troubles of life, we may “encourage ourselves in the Lord our God;” and, even when all other things fail us, we may experience that strong consolation which David enjoyed under his complicated trials, and in the immediate prospect of dissolution; and to which he gave utterance in these his last words: “Although my house be not so with God, yet he hath made with me an everlasting covenant, ordered in all things, and sure; this is all my salvation, and all my desire.”
1 The sameness of the covenant of grace under both dispensations, the blessings and defects of the Old Testament, and the superior advantages of the New, are fully discussed by Calvin (Institutes, book ii., ch. 9–11), and by Witsius (Economy of the Covenants, book iv., ch. 11, 12, 13, 15).