I have found another sermon by C. T. Russell, which is longer than the others quoted. I found a web address for the sermon. It is entitled "God's Plans vs. Man's Plans". I have only quoted the portion concerning Calvinism and Arminianism. The sermon goes on to present Russell's own view, which attempts to harmonize the two. I have highlighted the portion in which the five points of Arminianism are mentioned.
http://www.mostholyfaith.com/bible/Sermon/Sermon.asp?xRef=SM77
Let us take a glance at a few of them as presented to us in the creeds of some of the most prominent Christian denominations.
THE CALVINISTIC IMAGE OF GOD
One of the highest conceptions of the Almighty, one of the most noble that prevails to a large extent in Christendom, is the Calvinistic. It pictures the Almighty as the high and lofty One possessed of all wisdom, knowledge, power; that He is grave, dignified, commanding reverence and worship. There is much in this image to attract our attention; it is so much nobler than any of the images of the heathen we have ever seen. It inspires us with awe, with reverence. But there is something lacking. A cold chill of fear comes over us as we gaze upon the august majesty. His face is serene and calm, but cold and unsympathetic, ungenerous; stern justice and uncompromising firmness are there. But love! oh, love is lacking! We tremble before this image, and the more so as we hearken to the message which this God of Calvinism has sent to those who have the ear to hear Him. He has declared His omnipotence, His justice and unchangeableness; He has declared an election and predestination of a little handful of our race to wondrous glory in His presence and equally foreordained and predestinated that the vast majority of our race shall have none of His loving favor, but shall die in heathen ignorance--non-elect, predestinated before their birth not only to ignorance of the only name in the present life but to an eternity of suffering in the ages to come.
To the inquiry respecting the justice of this program, the answer comes that those heathen not favored with a knowledge of Christ were foreknown of God to be unworthy, and that they would not have received Him if they had heard His message. If we ask respecting the [SM81] masses of Christendom who have heard of the only name but have rejected it and failed to become His footstep followers as saints--if we inquire what hope there is for these, the answer is that there is none. Alas! we say, as we turn away to seek for a still higher ideal, a still more glorious image and a still more blessed Message!
This Calvinistic image, glorious in many of its features and details, can never satisfy the longings of our hearts; for while its pictures of justice and of power are satisfactory, its lack of love and sympathy makes us fear that it is deficient of the most important element of a truly noble character. We say to ourselves that with all of our weaknesses and faults we would love even our enemies too much to torture them, especially to torture them to all eternity hopelessly, uselessly. We would say to ourselves that if we possessed the wisdom and power of the Calvinistic God, the love in our hearts and sympathy would have co-operated with our wisdom and power and would have hindered us from creating a soul that could not be destroyed, could not be blotted out of existence. For this is the claim made in the name of this image of God; that He so made man that he must live forever, that God Himself could not destroy him; that man being unworthy of a place in glory God has no alternative but to perpetuate his existence in misery. Our reply is that this implies a lack of either power or wisdom on the part of the Calvinistic God.
THE ARMINIAN IMAGE OF GOD
Arminianism offsets Calvinism. While the latter is held by almost all the various branches of the Presbyterians and by almost all Baptists, Congregationalists, etc., Arminianism is most particularly represented today by our Methodist friends of different branches. The celebrated "five points" of Arminianism are in substance:--
(1) Conditional Election. (As in opposition to the unconditional election held by Calvinists.) [SM82]
(2) A Universal Redemption, or that Christ died for all alike, though only those who accept His atonement by faith will be actually saved. (As in opposition to the Calvinistic theory that atonement was only for the Elect.)
(3) That Salvation is by Grace; or man can exercise true faith only by the regenerating grace of the Holy Spirit, with which, however, he can co-operate. (As in contradiction to the Calvinistic view that the grace of God--His mercy, His forgiveness, His assistance--was destined only for the Elect and applies to none others.)
(4) That God's Grace is not irresistible. (As in contrast with the Calvinistic theory, that it is irresistible --that the Elect cannot resist God's grace but must yield to it.)
(5) That to fall from a state of Grace is possible. (As in contrast with the Calvinistic view, that for the Elect to fall from grace is impossible.)
Looking at this mental image, which has appealed to an increasingly large number of Christian people during the past century, we perceive that while it is a less dignified image than the Calvinistic one it has more warmth, more love, more grace. This draws our hearts sympathetically toward this image, to a considerable degree. But as we look and hearken to its message we are impressed with the thought that it, too, is lacking in some particulars. It seems deficient in the qualities of wisdom and power. Its message is really no broader than that of the Calvinistic image; the same "Little Flock" alone will reach the Heavenly Kingdom, the same thousands of millions will be condemned to an eternity of torture. The only difference between these two images seems to be not in the result of their work, but in the method pursued therein. Unlike the Calvinistic image the Arminian one does not elect, does not foreordain, does not predestinate, but gives to every member of the race all the blessings, all the opportunities, all the knowledge, all the assistance it can render them, so that if they are lost it [SM83] is in spite of the best endeavors of the Arminian image for their aid. And so when the vast majority of mankind are lost in Eternal Torment it will not be because God willed it so, not because He predestinated it so, but because He could not help it; because with His very best endeavors He was unable to bring about a more favorable condition either in civilized or in heathen lands, because the great Adversary, Satan, had more power for evil than God could control for good.
Alas! Alas! The benevolent designs of this image can never reconcile us to its weakness, its inability, its unwisdom to foreknow and to forearrange and to accomplish its good and loving purposes. We need a God who is not only loving, generous and just, but who is wise enough and powerful enough to make His love of practical benefit to our race. These deficiencies in wisdom and power are the very point in which the Calvinistic image displays such grandeur. But the Arminian image possesses the love which the Calvinistic lacks. Alas! Neither image can fully satisfy our hearts. The proper mental image of the true God to be satisfactory to our hearts must be complete--perfect in justice, in love, in wisdom, in power. And this can be said of neither of these. We must look further. Surely the Bible is the Divine revelation of the Divine character, and surely an error has been made by which some of God's people have shown Him from one side, ignoring the other, while others have shown Him from the opposite side. It should be the ambition and effort, dear friends, of every true child of God to formulate before his mental vision that proper image of God which would be complete in all respects, which would be in harmony with every declaration of the Bible--the image of God before which we could bow and worship and adore, the image of God which would awaken in us that grand conception of the Almighty as superior in every particular to all of His creatures, infinite in Wisdom, Justice, Love and Power. [SM84]