Lyrics: Phillip Bliss, 1876.
Music: James McGranahan, 1877.
Theme: In him we have redemption through his blood, the forgiveness of sins, in accordance with the riches of God’s grace that he lavished on us with all wisdom and understanding. Ephesians 1:7-8.

I will sing of my Redeemer,
And His wondrous love to me;
On the cruel cross He suffered,
From the curse to set me free.
Refrain:
Sing, oh sing, of my Redeemer,
With His blood, He purchased me.
On the cross, He sealed my pardon,
Paid the debt, and made me free.

I will tell the wondrous story,
How my lost estate to save,
In His boundless love and mercy,
He the ransom freely gave.
Refrain

I will praise my dear Redeemer,
His triumphant power I’ll tell,
How the victory He giveth
Over sin, and death, and hell.
Refrain

I will sing of my Redeemer,
And His heav’nly love to me;
He from death to life hath brought me,
Son of God with Him to be.
Refrain

Philip Bliss only lived for 38 years. He spent approximately 12 of those years writing hymn and hymn tunes.

. . . he wrote both words and music to such hymns as the following: Almost Persuaded, Dare to Be a Daniel, Hallelujah ‘Tis Done!, Hallelujah, What a Saviour!, Hold the Fort, Jesus Loves Even Me, Let the Lower Lights Be Burning, Once for All, The Light of the World Is Jesus, Whosoever Will, and Wonderful Words of Life. He wrote only the words for My Redeemer and wrote only the music for I Gave My Life for Thee, It Is Well with My Soul, and Precious Promise.

Philip Bliss grew up in a poor, but spiritually rich, Methodist family, and he left home at age eleven to make his own living. He worked in the sawmills and managed to attend school some. At the age of seventeen, he completed the requirements to become a school teacher. He ten worked as a schoolmaster and studied music with a friend. In 1859, Bliss got married, and in 1860 he became an itinerant music teacher. In 1864 the BLisses moved to Chicago, and eventually Bliss met evangelist Dwight L. Moody. In 1869, the two men began working together in evangelistic crusades to preach the gospel of Jesus Christ to the lost.

A short seven years later on December 29, 1876, Bliss and his wife were traveling on a train, the bridge over which the train was crossing collapsed, and all of the train carriages fell into the ravine below. Bliss escaped unscathed, but as the train caught fire, he went back to try to rescue his wife and both he and his wife died.

Found in his trunk, which somehow survived the crash and fire, was a manuscript bearing the lyrics of the only well known Bliss gospel song for which he did not write a tune. Soon thereafter set to a tune specially written for it by James McGranahan, it became one of the first songs recorded by Thomas Alva Edison, that song being I Will Sing of My Redeemer.

What a legacy!

Sources:
Wholesome Words. Philip Bliss by Ed Reese.
Wikipedia: Philip Bliss.
The Memoirs of P.P. Bliss by D.W. Whittle.