Dirk,
You are raising the question of “Imputed Righteousness”. A question that marked the difference between Finney’ theology and his contemporaries, and for which he is considered a heretic by many.
Finney believed in the imputation of Christ’s righteousness in justification or the moment of belief. By belief here I mean true faith, not merely a mental consent. In justification the righteousness of Christ is imputed or counted to the sinner and the sinners sin and guilt is imputed to Christ which he bore and suffered the consequence for two thousand years a go on the cross but because He is eternal and not merely a human priest He can ever live to make intercessions for those who come to God by Him. His sacrifice looks to the past and to the future. He can justify past sinners like Abraham , present sinners like you and me, and future sinners. Even sinners that did not have a full comprehension of who Christ is but had faith in God. God was able to justify them only because He laid their sin on Christ..
Both Finney and his contemporaries believed that the unjustified sinner is dead in his sin and unable to comprehend spiritual truth, hater of God and in rebellion towards Him, therefore the presence of the Holy Spirit in the person giving the Gospel message is of uttermost importance. Finney believed that a person can not be a pastor or preacher unless He is filled with the Holy Spirit, otherwise he is giving the hearer only the letter that kills.
But here is where they are different. Finney believed that in justification, the sinner is cleansed from his past sins, made whiter that snow, reconciled to God , and born a new. From that moment on until he dies there begins something called sanctification. While you could look at justification as a trade, sanctification is the indwelling of the righteousness of Christ in the believer by the Holy Spirit.
Finney and his contemporaries are really closer that you think but he is misunderstood or misrepresented by both his opponents and his followers.
Both Finney and his opponents believed that true faith must produce good works and that good works are evidence not a cause of salvation, In other words, Finney believed that Good works that are not a result of faith can not save any body.
But they were different as in the following example:
While Finney ‘s contemporaries/ opponents believed that works as evidence of salvation is as in ( The Murderer’ case ). When God looks at the murderer , He sees him as a murderer whether the murderer leaves behind evidence of his murder or not. The same way with the justified person. He is seen by God as justified whether he produces evidence of his justification or not. If he sins he is still counted righteous. If he continues in sin it must mean that he was never saved.
If you read The 1689Confession of Faith on “Good works” it lists the importance of good works in the following “…and by them believers manifest their thankfulness, strengthen their assurance, edify their brethren, adorn the profession of the gospel, stop the mouths of the adversaries, and glorify God,…”
Nothing about justification, escaping judgment,..
While on the other hand Finney believed in good works as evidence of salvation as in the ( Nature of the Light) . When the light enters a confined space, it will shine. Same with the believer who is abiding in Christ by faith. In contrast with the murder’ case whose position can not be judged by the evidence he leaves behind but by who he legally is before God, the light’s very nature is to make a place shine. If the light does not shine, it must be concluded that it is not light, or that this person is not abiding in Christ. while if the murder does or does not leave evidence he is a murderer anyway. In other words, the murderer has the option of leaving evidence behind or not . When other people see the evidence of his murder, they may conclude that he is a murderer, but if they do not see any evidence they may conclude that he is not a murderer. However, when God looks at Him, He sees a murderer always. The same with the justified person. If he produces works of righteousness, people may conclude that he is saved, but if they do not see any works of righteousness, they may conclude that he is not saved. However, when God looks at him, he sees him saved always.
Finney believed that the only righteousness that is pleasing to God is Christ’s righteousness that indwells the believer but that is the believers responsibility to abide in Christ. If he fails to abide in Christ and falls in sin, he will be judged for his sin unless he repents and is granted forgiveness by God. God will forgive the penitent because He lays his sin on Christ but that, argued Finney, does not happen automatically. If it does, the Bible would never ask believers to repent when they sin after their initial act of repentance and faith.
That would be adding to the work of Christ. If God looks at the believer and only sees Christ’s righteousness imputed to Him. Then how could Paul ask the church at Corinth regarding the man that sinned in 1 Corinthians 5:5 that they should take a stand against such. He was truly justified because Paul said: “ Let such be delivered to Satan for the destruction of the body in order that the soul may be saved on the day of our Lord Jesus.” If this man was not justified, then how could his soul be saved. This and other incidents in the Scriptures suggest the following:
(1) Justified believers can and do sin if they fail to abide in Christ at all times.
(2) God is not blind to their sin nor does He see them covered with the righteousness of Christ when they sin, but rather, He sees them as they really are.
(3) Justified believers will be judged for all unconfessed and unforsaken sin on the day of judgment according to what one has done in the body whether good or bad.
Let us look at salvation as follow.
A man who breaks the law is like a man who breaks a neighbors window. Nothing could be done about the broken glass. It is already done. No matter what this person can do, he can never put the broken glass together a gain. That is when God steps in and provide a substitute to do what we can never do. But from that moment on, our very nature has changed ( given that we are walking in the Spirit which is our human responsibility) that we do not want to break our neighbors window any longer.
That is why “ Imputed Righteous “ , or also know as legal, judicial, forensic, positional justification is a concept that is applied to the initial act of salvation. If the believer sins during his life time, repents, and granted forgiveness. God will take his sin and imputes it to Christ, and takes Christ righteousness and imputes it to the penitent believer, but it will not happen automatically. That is the main difference between the theology of Finney and His contemporaries.
He is accused of promoting self- righteous effort in salvation because he insisted that sanctification is not an automatic process.