Colossians 1:5: "because of the hope laid up for you in heaven. Of this you have heard before in the word of the truth, the gospel"
Colossians 1:20: "and through him to reconcile to himself all things, whether on earth or in heaven, making peace by the blood of his cross."
Colossians 1:23: "if indeed you continue in the faith, stable and steadfast, not shifting from the hope of the gospel that you heard, which has been proclaimed in all creation under heaven, and of which I, Paul, became a minister."
Colossians 1:27: "To them [the saints] God chose to make known how great among the Gentiles are the riches of the glory of this mystery, which is Christ in you, the hope of glory."
Hebrews 1:2: "but in these last days he has spoken to us by his Son, whom he appointed the heir of all things, through whom also he created the world."
1 Peter 2:24: "He himself bore our sins in his body on the tree, that we might die to sin and live to righteousness. By his wounds you have been healed."
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The text is public domain:
O Christ, our hope, our hearts' desire,
Creation's mighty Lord,
Redeemer of the fallen world,
By holy love outpoured:
How vast Your mercy to accept
The burden of our sin
And bow Your head in cruel death
To make us clean within.
But now the bonds of death are burst,
The ransom has been paid;
You now ascend the Father's throne
In robes of light arrayed.
O let Your mighty love prevail
To purge us of our pride
That we may stand before Your throne
By mercy purified.
Christ Jesus, be our present joy,
Our future great reward;
Our only glory, may it be
To glory in the Lord!
All praise to You, ascended Lord;
All glory ever be
To Father, Son, and Holy Ghost
Through all eternity!
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The hope that's mentioned in Colossians 1:5, 23, and 27 seems to appear in the lines "O Christ, our hope, our hearts' desire" in the first verse and "Our future great reward" in the fifth. The other verse from Colossians (1:20) and 1 Peter 2:24 are the basis for the hymn's second verse and the first half of the third verse.
The verse from Hebrews 1 seems to appear in the line "Creation's mighty Lord" in the first verse.
