O give thanks unto the Lord, for He is good: for His mercy endureth for ever. Let the redeemed of the Lord say so, whom He hath redeemed from the hand of the enemy.@Psalm 107:1–2
William Croft (1678–1727)

Charles Wesley (1707–1788). Appeared in The Poetical Works of John and Charles Wesley, by George Osborn (London: Wesleyan-Methodist Conference Office, 1870), volume IX, number 933.

Hanover, attributed to William Croft, in The Supplement to the New Version of Psalms, by Nahum Tate & Nicholas Brady, 6th edition, 1708 (🔊 pdf nwc).

Charles Wesley (1707–1788)

The people of God,
Jehovah we praise
As bought by His blood,
And saved by His grace;
Who daily delivers
And ransoms His own,
And waters with rivers
Of life from His throne.

Redeemed from the foe,
We Jesus proclaim,
And triumph to know
The power of His name.
Preserved from all evil,
Through God the most high,
The world, and the devil,
And sin we defy.

Much more than our sin
His grace doth abound;
His kingdom within
Our bosom is found:
His blood’s application
The blessing imparts,
The inward salvation,
And hallows our hearts.

Triumphing we go,
To triumph again,
Till death, the last foe,
By Jesus is slain;
His death shall release us,
Called out of our graves,
To witness that Jesus
Eternally saves.