Why is it missing?

Holiness, that is. Finney seems to know the answer:

How many are seeking sanctification by their own resolutions and works, their fastings and prayers, their endeavors and activity, instead of taking right hold of Christ, by faith, for sanctification, as they do for justification. It is all work, work, WORK, when it should be by faith in "Christ Jesus, who of God is made unto us wisdom, and righteousness, and SANCTIFICATION, and redemption." When they go and take right hold of the strength of God, they will be sanctified. Faith will bring Christ right into the soul, and fill it with the same spirit that breathes through Himself. These dead works are nothing. It is faith that must sanctify, it is faith that purifies the heart; that faith which is the substance of things hoped for, takes hold of Christ and brings Him into the soul, to dwell there the hope of glory; that the life which we live here should be by the faith of the Son of God. It is from not knowing, or not regarding this, that there is so little holiness in the church.

<idle musing>
Not a whole lot has changed in 150 years, has it?
</idle musing>