Of the Synod which was held at Nicæa in Bithynia, and the Creed there put forth
'“We believe in one God, the Father Almighty, Maker of all things visible and invisible:— and in one Lord Jesus Christ, the Son of God, the only-begotten of the Father, that is of the substance of the Father; God of God, Light of light, true God of true God; begotten not made, consubstantial with the Father; by whom all things were made both which are in heaven and on earth; who for the sake of us men, and on account of our salvation, descended, became incarnate, was made man, suffered and rose again on the third day; he ascended into the heavens, and will come to judge the living and the dead. [We believe] also in the Holy Spirit. But those who say 'There was a time when he was not,' or 'He did not exist before he was begotten,' or 'He was made of nothing' or assert that 'He is of other substance or essence than the Father,' or that the Son of God is created, or mutable, or susceptible of change, the Catholic and apostolic Church of God anathematizes.”
'Now this declaration of faith being propounded by them, we did not neglect to investigate the distinct sense of the expressions “of the substance of the Father, and consubstantial with the Father.” Whereupon questions were put forth and answers, and the meaning of these terms was clearly defined; when it was generally admitted that ousias (of the essence or substance) simply implied that the Son is of the Father indeed, but does not subsist as a part of the Father. To this interpretation of the sacred doctrine which declares that the Son is of the Father, but is not a part of his substance, it seemed right to us to assent. We ourselves therefore concurred in this exposition; nor do we cavil at the word “homoousios” having regard to peace, and fearing to lose a right understanding of the matter. On the same grounds we admitted also the expression “begotten, not made”: “for made,” said they, “is a term applicable in common to all the creatures which were made by the Son, to whom the Son has no resemblance. Consequently he is no creature like those which were made by him, but is of a substance far excelling any creature; which substance the Divine Oracles teach was begotten of the Father by such a mode of generation as cannot be explained nor even conceived by any creature.” Thus also the declaration that “the Son is consubstantial with the Father” having been discussed, it was agreed that this must not be understood in a corporeal sense, or in any way analogous to mortal creatures; inasmuch as it is neither by division of substance, nor by abscission nor by any change of the Father's substance and power, since the underived nature of the Father is inconsistent with all these things. That he is consubstantial with the Father then simply implies, that the Son of God has no resemblance to created things, but is in every respect like the Father only who begot him; and that he is of no other substance or essence but of the Father. To which doctrine, explained in this way, it appeared right to assent, especially since we knew that some eminent bishops and learned writers among the ancients have used the term “homoousios” in their theological discourses concerning the nature of the Father and the Son. Such is what I have to state to you in reference to the articles of faith which have been promulgated; and in which we have all concurred, not without due examination, but according to the senses assigned, which were investigated in the presence of our most highly favored emperor, and for the reasons mentioned approved. We have also considered the anathema pronounced by them after the declaration of faith inoffensive; because it prohibits the use of illegitimate terms, from which almost all the distraction and commotion of the churches have arisen. Accordingly, since no divinely inspired Scripture contains the expressions, “of things which do not exist,” and “there was a time when he was not,” and such other phrases as are therein subjoined, it seemed unwarrantable to utter and teach them: and moreover this decision received our sanction the rather from the consideration that we have never heretofore been accustomed to employ these terms. We deemed it incumbent on us, beloved, to acquaint you with the caution which has characterized both our examination of and concurrence in these things: and that on justifiable grounds we resisted to the last moment the introduction of certain objectionable expressions as long as these were not acceptable; and received them without dispute, when on mature deliberation as we examined the sense of the words, they appeared to agree with what we had originally proposed as a sound confession of faith.'
Such was the letter addressed by Eusebius Pamphilus to the Christians at Cæsarea in Palestine. At the same time the Synod itself also, with one accord, wrote the following epistle to the church of the Alexandrians, and to believers in Egypt, Libya, and Pentapolis.
Source: Ecclesiastical History (New Advent)