"Nor is that original parchment so remote a thing as some suppose. Do not the number and variety of manuscripts and versions extant render it comparatively easy to arrive at a knowledge of its text, and does not competent scholarship today affirm that as to the New Testament at least, we have in 999 cases out of every thousand the very word of that original text? Let candid consideration be given to these things and it will be seen that we are not pursuing a phantom in contending for an inspired autograph of the Bible."
"Consider what the apostles directly teach upon the subject. Peter tells us that “No prophecy ever came by the will of man, but men spake from God, being moved by the Holy Spirit” (2 Peter 1:21, R.V.).[...]As this verse is given somewhat differently in the Revised Version we dwell upon it a moment longer. It there reads, “Every scripture inspired of God is also profitable,” and the caviler is disposed to say that therefore some scripture may be inspired and some may not be, and that the profitableness extends only to the former and not the latter. But aside from the fact that Paul would hardly be guilty of such a weak truism as that, it may be stated in reply first, that the King James rendering of the passage is not only the more consistent scripture, but the more consistent Greek. Several of the best Greek scholars of the period affirm this, including some of the revisers themselves who did not vote for the change. And secondly, even the revisers place it in the margin as of practically equal authority with their preferred translation, and to be chosen by the reader if desired. There are not a few devout Christians, however, who would be willing to retain the rendering of the Revised Version as being stronger than the King James, and who would interpolate a word in applying it to make it mean, “Every scripture (because) inspired of God is also profitable.” We believe that both Gaussen and Wordsworth take this view, two as staunch defenders of plenary inspiration as could be named."
FROM CHAPTER 19 OF "THE FUNDAMENTALS": THE INSPIRATION OF THE BIBLE — DEFINITION,EXTENT AND PROOF
BY JAMES M. GRAY, D. D., Dean Of Moody Bible Institute, Chicago, Ill.