The text emphasizes the immutability of God (st. 1), a constancy to which nature attests (st. 2). But the greatest evidence of God's unfailing love is his forgiveness and "presence to cheer and to guide" us each day of our walk with him (st. 3). The refrain was inspired by the comforting words of Lamentations 3:22-23.
Psalter Hymnal Handbook
Inspired in part by the comforting words of Lamentations 3:22-23, Chisholm wrote this text to express his daily realization of God’s covenant faithfulness, and then asked Runyan to compose a tune for it.