Showing posts with label reformed episcopal church. Show all posts
Showing posts with label reformed episcopal church. Show all posts

Saturday, January 7, 2017

IRONY OF EPISCOPAL HISTORY

From First Things-

Allen Guelzo observes in his history of the Reformed Episcopal Church that historians of American Episcopalianism are misled by Anglo-Catholicism's success in establishing “their own vision of Episcopal history, as the single reigning view of the history of the Episcopal Church” (13). It is not, he says, a historical literature rich in self-examination, and h charges that “the easy acceptance of self-congratulation as the primary mode of Episcopal historical discourse has cost Episcopalians an important theological insight into their history,” an insight that will only come by cultivating a Niebuhrian sense of irony (13).

The ironies are ready to hand: “On the one hand, Anglo-Catholicism plunged the Episcopal Church into a world of medievalism, canon law, and prelacy, but at the same time, it allowed the mind of the church to accommodate itself to modernism far more easily than if it had been ruled by the Evangelicals. Similarly, the Anglo-Catholics came to believe that their construction of Anglicanism was irresistible; they did not foresee the strength of the Evangelical resistance, the willingness of one bishop to provoke schism as a response to Anglo-Catholicism, or the ability of the Evangelicals to survive as a movement outside the official boundaries of the Episcopal hierarchy”


More here-

https://www.firstthings.com/blogs/leithart/2017/01/irony-of-episcopal-history

Tuesday, November 16, 2010

Pastor accused of Ponzi scheme


From South Carolina-

The Rev. Ronald Satterfield preached from the pulpit, but authorities say he also ran a multimillion-dollar financial scam out of his historic church in downtown Charleston for several years.

A federal judge has frozen what few assets remain from the $3.3 million that investigators say Satterfield, rector at St. John's Reformed Episcopal Church on Anson Street, put toward a foreign currency Ponzi scheme using money from 70 investors, according to documents filed Monday in U.S. District Court in Charleston.

Satterfield acknowledged the complaints against him, but he insisted

Monday that the allegations made by the U.S. Commodities Futures Trading Commission mischaracterized his trading activities.

"It's not the way they described it," he told The Post and Courier.

Satterfield told investors he could grow a traded pool of money by up to 48 percent during one year, according to court documents. Instead, he lost virtually all of the $1.9 million he invested on their behalf in the trading of foreign currencies, the trading commission said. He used the rest of the money to pay returns to customers until his companies failed in early 2009.

More here-

http://www.postandcourier.com/news/2010/nov/16/pastor-accused-of-ponzi-scheme/